Otis Gold Corp. announced the completion of its maiden Preliminary Economic Assessment at the Kilgore volcanic- and sediment-hosted epithermal gold deposit, Clark County, Idaho. The PEA utilizes the resource estimate completed in August, 2018 and provides a robust economic scenario upon which to expand the potential scope and scale of the project with ongoing drilling. The PEA supports the potential for a low capital intensity, low operating cost, open-pit, heap-leach operation producing 112,500 ounces of gold per year over a 4.9 year mine life and generating highly attractive economics. The work is based on a resource estimate developed from 381 drill holes and 93,000 metres of drilling, with 85% of the resource in the Indicated category. The process design utilizing both crushed and ROM material optimizes the economics of the project, delivers a low strip ratio, produces more ounces and reduces mine life in comparison to an "all crush" processing scenario. The economic model assumes a gold price of USD 1,300/ounce. All currency figures stated herein are United States dollars unless otherwise noted. The technical report for the PEA, pursuant to National Instrument 43-101, will be filed on SEDAR within 45 days. The PEA was prepared by Global Resource Engineering Ltd. of Denver, Colorado. The PEA is preliminary in nature and includes Inferred mineral resources that are too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA results will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability.