Otis goldfeb2013corppres


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Otis goldfeb2013corppres

  1. 1. Focused on Production February 2013
  2. 2. Legal DisclaimerExcept for the statements of historical fact contained herein, the information presented constitutes “forward‐looking statements” within the meaningof the Safe Harbour Statement under the United States Private Securities Litigation Reform Act of 1995. Such forward‐looking statements includingbut not limited to those with respect statements, to the price of gold, the timing and amount of future production, costs of production, reserve andresource determination and reserve conversion rates, involve known and unknown risks, uncertainties and other factors which may cause theactual results, performance or achievement of the Company to be materially different from any future results, performance or achievementsexpressed or implied by such forward‐looking statements. Such factors include, among others, risks relating to the integration of acquisitions, riskrelating to international operations, risks relating to joint‐venture operations, the actual results of current exploration activities, conclusions ofeconomic evaluations, changes in project and exploration parameters as plans continue to be refined and future prices of gold and silver.Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factorsthat cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate asactual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place unduereliance on forward‐looking statements.CAUTIONARY NOTE TO US INVESTORS CONCERNING ESTIMATES OF MEASURED, INDICATED & INFERRED RESOURCESThis presentation uses the terms “Measured”, “Indicated” and “Inferred” Mineral Resources. US investors are advised that while such terms arerecognized and required by Canadian Securities Regulatory Authorities and laws, the Securities and Exchange Commission does not recognizethem. “Inferred Resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility.It cannot be assumed that all or any part of an Inferred Resource exists, is economically or legally mineable or will ever be upgraded to a highercategory.Under Canadian securities laws, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. US investors arecautioned not to assume that all or any part of Measured or Indicated Resources will ever be converted into reserves, and also that all or any partof an Inferred Resource exists, or is economically or legally mineable.QUALIFIED PERSONUnder National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects, the Qualified Person for this Otis Gold Corp. presentation isDr. John Carden, PhD Lic. Geo. and consulting geologist for Otis Gold Corp., who has reviewed and approved its contents. 2
  3. 3. Overview  Otis currently has 4 projects located in Idaho, USA  Kilgore Project (Au)  Oakley Project (Au)  Gold Bug Project (Au)  Hai Project (Au)  2 contain established, open-ended gold resources: The Kilgore Gold Project  Advanced-stage exploration project  NI 43-101 compliant Resource Estimate  Indicated 520,000 oz Au @ 0.59 gpt  Inferred 300,000 oz Au @ 0.46 gpt The Oakley Project  Intermediate-stage exploration target  NI 43-101 compliant Resource Estimate  Indicated 235,000 oz Au @ 0.55 gpt  Joint venture signed in January 2013Otis aims to become the leading consolidator of gold projects in the Western USA, using the Kilgore Gold Project to anchor the story. 3
  4. 4. Share CapitalizationCash Position (Sept 30, 2012) CAD $1.3 million  No debtIssued Shares (see Appendix 2) 50.1 million  Management & close hands own a significant positionOptions Outstanding 3.0 millionWarrants Outstanding 3.6 million  Institutions have between 35 – 40% ownership interestFully Diluted Shares 56.7 million  Galena Special Situations Fund ~7% shareholderTreasury (January 31, 2013) $0.75 million  Trading at historic lowsInsider/Close Hands Holdings ~15%52 Week High/Low CAD $.35/$0.07Avg. Daily Vol. (12 week) ~50,000 TSX-V: OOO OTCQX: OLGDF 4
  5. 5. Management Team and Directors MANAGEMENT & BOARD OF DIRECTORS (see Appendix 2 for detailed biographies)  Founder & Former CEO: Magnum Uranium Corp. (TSX-V), which was merged with Energy Fuels IncCraig Lindsay, BComm, MBA, CFA (TSX: EFR) in 2009President & CEO, Director  Former VP, Investment Banking: PricewaterhouseCoopers LLP  Director: Tarsis Resources Corp. (TSX-V); Philippine Metals Inc. (TSX-V); Archer Petroleum Corp.Mitch Bernardi, M. Sc. Geology  Former Senior Geologist: Echo Bay MinesChief Geologist  Former Chief Geologist: Magnum Uranium Corp. (TSX-V)Dr. John R. Carden, PhD, Lic. Geo  Director: Paramount Gold & Silver Corp. (NYSE AMEX)Consulting Geologist  Former Director of US Exploration: Echo Bay MinesBob Nowell  Former CFO: Tournigan Energy Ltd. (TSX-V)Chief Financial Officer  Former CFO: Magnum Uranium Corp (TSX-V)  President & CEO: Rare Element Resources Ltd. (TSX-V)Dr. Donald E. Ranta, PhD, P.Geo  Director: Animas Resources Ltd. (TSX-V)Director  Former VP, Exploration: Echo Bay MinesRoger Norwich  Non-Executive Chairman: Mexico-based Grupo Minero PanucoDirector  Director: Rio Alto Mining (TSX: RIO) and Founding Director Mexican Silver Mines Ltd  Founder & Director: Zonte Metals Inc. (TSX-V)Norm Eyolfson  Founder & Director: Asher Resources Corp. (TSX-V)Director  Founder, President & CEO: CT Developers Ltd.Charles W. (Bill) Reed, Lic. Geo  Director & Consultant: Meadow Bay Gold (TSX-V)Director  Former Chief Geologist: Minera Hecla S.A. de C.V. (Hecla Mining’s Mexican subsidiary) (NYSE: HL)Sean Mitchell, BComm  Financial ConsultantDirector Management has demonstrated success in resource discovery, project development, finance & corporate governance. Former Echo Bay Mines US exploration team comprises the core of the Otis technical team. 5
  6. 6. NI 43-101 Compliant Resources Grade Grade Contained Resource Tonnes Estimation Project Au Au Ounces Date Category (millions) Type (opt) (gpt) Au Indicated 27.3 0.017 0.59 520,000 Kriged 2012 Kilgore Gold Deposit1 Inferred 20.2 0.014 0.46 300,000 Kriged 2012 Oakley Project Inferred 14.4 0.016 0.549 235,000 GxT 2008 Blue Hill Creek1. Donald E. Cameron M.S., an independent consultant and Qualified Person under National Instrument (NI 43‐101) Standards of Disclosure forMineral Projects has prepared, reviewed and verified the Kilgore Gold Deposit resource estimate included in this corporate presentation. Verificationincluded a review and validation of the applicable assay databases, reviews of assay certificates, duplicate core sampling, and a site visit. Mr.Cameron is a Registered Member (#4018521RM) of the Society of Mining Engineers and a QP Member (#01434QP) of the Mining and MetallurgicalSociety of America. 6
  7. 7. Kilgore Gold Project Overview  Kilgore Deposit o Mine Ridge Area o Prospect Ridge Area o North Target Area  232 Federal BLM Mining Claims o 1 State Land Use Permit  5,130 Acres  100% Ownership Interest  No NSRsPreviously operated by majors such as Placer Dome, Pegasus Gold & Echo Bay Mines. 7
  8. 8. Kilgore Gold Project History1993 – 1996 Echo Bay Mines Planned to put Kilgore Deposit into production as open-pit Internal Initial Engineering Assessment completed 11.0 MT @ 1.28 gpt identified as potentially mineable1  CAPEX est. $31.6M, cash costs @ $221/oz  6.6 year mine life based on production rate of 4,700 tpd (45,000 oz Au per year) Good opportunity existed to expand resource to 2.0 – 3.0Moz Did not proceed due to low price of Au (less than $300/oz) & deteriorating corporate financial position2004 Kilgore Minerals Ltd. Completed updated Scoping Study that showed attractive economics presuming doubling existing mineable resource with Au price of $375/oz2008 - 2012 Otis Gold Corp. Completed ~ 20,000 m of drilling (mostly in Kilgore Deposit Area) Drilling contained intervals > than majority contained in existing Kilgore NI 43-101 Resource Estimate with excellent grades 8.5 line km CSAMT survey at Dog Bone Ridge Over 60,000 metres of historic drilling has been completed at KilgoreNote 1 These estimates are historic in nature and have been presented for reference purposes only. A Qualified Person has not done sufficient work to classify thehistorical estimates as current mineral resources, nor confirm the economic viability of the project, and the issuer is not treating the historical estimates as current 8mineral resources and the historical estimates should not be relied upon.
  9. 9. Metallogenic Regime 9
  10. 10. Kilgore Gold ProjectGeneralized Geologic Cross-Section (looking Northwest) Dog BoneRidge Targets Kilgore Deposit 10
  11. 11. Kilgore Deposit: 2008 – 2011 Select Drill Intercepts Intercepts and grade demonstrate continuity of deposit.90 of 108 holes reported between 2008and 2012 have hitmineralization. Echo Bay hole EKR-98 intercepted 27.4m @ 1.30 g/t 300m southeast of discovery hole 11 OKC-252 11
  12. 12. Kilgore Deposit – Size Potential  Grade x Thickness displays excellent overall continuity of mineralization  Lends itself to open pit exploitation  Low strip ratio estimated at 1.5:1 or less  Five areas open with step-out potential to grow the deposit  “North Target” +100 m intercepts of 0.89 g/t Au  Deposit open into the “Boulder Field”  Deposit is 1,000m long x 600m wide and open in multiple directions  Strong NW and NE structural control to the deposit 12
  13. 13. Kilgore Deposit 2011 Soil Survey Kilgore Deposit remains wide open to the northeast, northwest and southeast (into Prospect Ridge Area)Location of 100m+ intercepts 13
  14. 14. 2012 Kilgore North Target Drilling Drilling into the North Target area, which is outside of existing resource, achieved excellent results in 2012. 14
  15. 15. Typical Cross Section - 11,500 N
  16. 16. Kilgore Deposit Metallurgy Echo Bay Mines (1993 – 1996) Otis Gold Corp. (2010 - 2012) Bottle Roll Tests: all > 90% extractability  Based on lithology rather than oxidation state  Column leach recoveries: Ore is not refractory  Dike 85% (-0.5”) Column leach recoveries:  Lithic Tuff 81% (-0.5”)  Oxide 94.3% (-0.5”)  Aspen 70% (-0.5”)  Mixed 80.8 % (-0.5”)  Low cyanide (1/2 lb/ton) & lime consumption  Unoxidized 63.8% (-0.5”)  Otis has released column leach tests on 1.5” crush Oxide and mixed material comprises 85% to 90% of material – material leaches at same rates as 0.5” crush deposit material in 2 of 3 tests 16
  17. 17. EnvironmentCorporate Social ResponsibilityOtis is committed to growing in a sustainable manner & minimizingits environmental impactEnvironmental Scoping Study (Dec. 2010, Golder Associates Inc.)“No issues have been identified that are considered fatal flaws.”Exploration PermitsAll have been granted in 6 weeks (or less)Idaho State Exploration Reclamation Award1995 RecipientNo threatened or endangered species presentAll drainage internalNo water flows into salmon spawning grounds or riversNot in the view shed of any National ParksNot in the vicinity of any Native American land 17
  18. 18. Infrastructure 24 km to railhead Significant local water supply and Interstate Permanent well on propertyExcellent road access with Power to town of Kilgore 2-wheel drive vehicle (approx. 5 km from deposit) 18
  19. 19. Oakley Project Joint Venture The Oakley Gold Project, located in Idaho, USA is Year Cash Shares Work Otis comprised of two primary targets (Blue Hill Creek and Commitments Interest Cold Creek) covering approximately 3,500 acres. 2013 $50,000 200,000 $300,000 100% 2014 $125,000 250,000 $700,000 100% Blue Hill Creek contains a resource of 235,000 ounces 2015 $250,000 500,000 $1,300,000 100% Au at grade of 0.55 gpt (NI 43-101 compliant, dated 2016 $250,000 1,500,000 $1,500,000 100% April 2008) and Cold Creek contains a historic 2017 $250,000 2,500,000 $1,900,000 30% resource of 85,000 oz Au (non 43-101 compliant). 2018 $500,000 500,000 $0 30% The project has extremely large district-sized potential, 2019 $1,000,000 1,500,000 $0 20% but has been the subject of only limited historic drilling. 2020 $2,350,000 5,000,000 $0 0% Numerous drill targets have been identified at both Totals $4,775,000 11,950,000 $5,700,000 projects arising from a CSAMT survey completed in 2008. Otis is also in possession of a significant Meridian Gold project database. Joint venture signed with Lateral Gold Corp. (TSXV: LTG) in January 2014 providing LTG with right to acquire up to a 100% interest in exchange for shares, cash and property expenditures. Additionally, LTG must complete two resource estimates and a PEA by 2017. 19
  20. 20. 2013 GoalsKilgore Gold Deposit  Up to 7,000 m drilling planned in 20131  Focus will be on adding ounces in the North Target area to expand Kilgore Deposit; goal of increasing resource beyond 1.0 million oz Au in 2013  Initiate Preliminary Economic Assessment and 12 month environmental baseline studies Note 1: These goals are dependent on the availability of adequate capital to implement field programs, and may be adjusted. 20
  21. 21. Comparable Company ValuationsCompany (Gold Companies with Share I/O Share MC Exchange NI 43-101 Ozs MC/Ozprojects in Idaho) (millions) Price (millions)Midas Gold TSX 114.3 $2.00 $228.60 5,700,000 $40.1Northern Vertex TSX 52.5 $1.30 $68.25 1,200,000 $56.9Terraco Gold Corp TSX-V 133.9 $0.18 $24.10 948,000 $25.4Western Pacific TSX-V 23.0 $0.07 $1.61 501,859 $3.2Musgrove Minerals TSX-V 15.6 $0.10 $1.56 460,000 $3.4Premium Exploration TSX-V 143.1 $0.07 $10.02 775,000 $12.9Atlanta Gold Corp TSX-V 253.4 $0.04 $10.14 756,000 $13.4Otis Gold Corp TSX-V 50.2 $0.14 $7.03 1,055,000 $6.7 Simple Average $20.2 Weighted Average $39.8 Significant opportunity for re-valuation of Share I/O Share MC NI 43-101 Ozs Otis GoldCompany (Resource Base of 1.0 to Exchange (millions) Price (millions) (Au or AuEq) MC/Oz5.0 millon Oz Au)Torex Gold Corp TSX 604.4 $2.08 $1,257.15 2,200,000 $571.4Premier Gold Mines TSX 149.0 $3.97 $591.53 1,800,000 $328.6Rainy River Resources TSX-V 89.9 $5.01 $450.40 5,003,000 $90.0Keegan Resources TSX 84.9 $3.90 $331.11 4,130,000 $80.2Rio Novo Gold TSX 113.2 $0.21 $23.77 2,248,000 $10.6Klondex Mines TSX 64.4 $1.17 $75.35 2,150,000 $35.0Midway Gold TSX-V 128.5 $1.38 $177.33 4,536,000 $39.1Orezone Gold TSX 85.6 $1.78 $152.37 4,490,000 $33.9Rye Patch Gold TSX-V 146.3 $0.42 $61.45 3,100,000 $19.8 Simple Average $319.2 Weighted Average $234.9 21
  22. 22. Why Otis Gold? Otis is a near-term production story with an established and growing gold resource located in mining-friendly Idaho Strong potential for expansion – open-ended Kilgore Deposit (comprised of Mine Ridge, Prospect Ridge and North Target areas) approaching 1.0 million ozs and growing  Additional multi-million ounce potential at Gold Ridge and Dog Bone Ridge.1 Otis owns a 100% interest in the Kilgore Gold Project  property is subject to no royalties or residual interests Experienced technical team – made up of core of Echo Bay Mines US exploration team. Recent 2011 and 2012 drill intercepts include 121.9m @ 1.04 g/t, 118.8 m @ 0.89 g/t Au, 114.3 m @ 0.89 g/t Au, 83.8m @ 1.12 g/t and 82.3m @ 0.89 g/t  90 of 108 holes reported between 2008 – 2012 have intersected gold mineralization at Mine Ridge & Prospect Ridge.  North Target area is wide-open and provides clear path to resource expansion Recently signed a JV agreement on the Oakley Project – 3rd party to be developing non-core project that has an existing Inferred resource of 235,000 oz Au. Note 1: The potential quantity and grade is conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. 22
  23. 23. Appendix 1: BiographiesCraig Lindsay, MBA, CFA – President, CEO & DirectorMr. Lindsay has in excess of 18 years experience in corporate finance, investment banking and business development in both North America and Asia. Mr. Lindsaywas President and CEO of Magnum Uranium Corp. until its merger with Energy Fuels Inc. in July 2009, and formerly was a Vice President in the Corporate Financeand Investment Banking Group at PricewaterhouseCoopers LLP. Mr. Lindsay was a founding Director of Malasapina Capital Ltd., a junior capital pool company, andwas responsible for indentifying its merger with Miranda Mining Corp (a Mexican-based gold producer that was subsequently acquired by Wheaton River Minerals).He is currently a Director of Tarsis Resources Ltd. (TSX-V), Archer Petroleum (TSX-V), and Philippine Metals Inc. (TSX-V).Mr. Lindsay has a Bachelor of Commerce (Finance) from UBC (1989), an MBA (Finance and International Business) from Dalhousie University (1993) and is aChartered Financial Analyst. He is a Past Chairman of the Family Services of Greater Vancouver (the largest social service agency in British Columbia) and a currentDirector and Immediate President of the Hong Kong – Canada Business Association (Vancouver Section). Additionally, he sits on the Leadership Council ofDalhousie University’s $250 million “Bold Ambitions” capital campaign.Mitch Bernardi, M.Sc. Geology – Chief GeologistMr. Bernardi has over 30 years of experience in the mining industry and a proven exploration track record of mineral resources and discoveries in gold, zinc, copper,yttrium, rare earths, and uranium. The bulk of Mr. Bernardis experience, some 20 years, has been in precious metals property generation, exploration, anddevelopment, having worked on numerous deposit types while employed by Echo Bay Mines, Cyprus Metals Exploration, Meridian Minerals, Unocal - Molycorp, Inc.,Latitude Minerals and Amoco Minerals. He is currently the Chief Geologist of Magnum Uranium Corp., and in this role has been responsible for the identification,acquisition and development of all Magnum properties. Discoveries directly associated with Mr. Bernardi as project leader or co-discoverer include the Kilgore golddeposit, Idaho (706,000 ounces Au), Coulterville gold project, California (70,000 ounces Au), Crypto zinc deposit, Utah (6.01MM Tons @ 8.68% sulfide zinc), Pangold deposit, Nevada (400,000 ounces Au), Santiam copper breccia pipe, Oregon, and the Blue Hill Creek gold/silver deposit, Idaho (230,000 ounces Au.) Mr.Bernardi has a Master of Science Degree in Geology (Magna Cum Laude) from Western Washington University and additional studies under a University Fellowshipat Ohio State University.John Carden, Ph.D., Lic. Geo – Consulting Geologist & Board AdvisorDr. Carden has more than 30 years experience in exploration management, teaching, and research. He has broad experience in managing large explorationprograms including tracking costs, managing personnel, negotiating leases and contracts, writing technical reports, writing permitting and compliance documents forstate and federal agencies, and managing remote drilling programs. He has a proven track record for discovery of ore deposits in the western United States, with agross metal value of more than $750 million. From 1986 through 1998, Dr. Carden was with Echo Bay Mines. During the period from 1992 to 1998, he was EchoBay’s Director of U.S. Exploration, where he directed the work of two district geologists, eight senior geologists, and a GIS specialist. This group was successful ingenerating 35 funded projects over a five year period. While at Echo Bay, he discovered the 600,000 ounce Lamefoot gold deposit, Echo Bays highest-grade andlowest cost producer, and the Easy Junior gold deposit, a 250,000 ounce sediment-hosted gold deposit located in White Pine County, Nevada. Most recently, Dr.Carden has consulted on gold projects in Mexico for Mine finders in Chihuahua and Sonora states, and in Zacatecas for Corex Gold Corp and in Chihuahua forParamount Gold and Silver Corp. Dr. Carden has a Ph.D. in Geology from the Geophysical Institute, University of Alaska, Fairbanks, Alaska and an M.Sc. Degree inGeology from Kent State University, Kent, Ohio. He is a Licensed Geologist in the State of Washington a member of the American Institute of ProfessionalGeologists and a Fellow of the Society of Economic Geologists. Dr. Carden is currently a Director of Paramount Gold and Silver Corp.(TSX and NYSE-AMEX). 23
  24. 24. Biographies (cont’d)Donald E. Ranta, Ph.D., P.Geo. – DirectorDr. Ranta is an exploration and development mining executive experienced in planning, implementing and directing successful exploration andacquisitions throughout North and South America and internationally. He is a former president and board member of the Society for Mining, Metallurgy,and Exploration (SME) and former Vice President, Finance and board member of the American Institute of Mining, Metallurgical, and PetroleumEngineers (AIME).He has successfully directed and led innovative exploration efforts resulting in the discovery, evaluation and/or acquisition of several major depositsincluding Montanas McDonald and Mexicos Santa Gertrudis gold ore bodies. He has also participated in the acquisition or discovery of BajaCalifornias Paradones Amarillos, Idahos Kilgore, Montanas Seven-Up Pete, Mexicos Dolores gold-silver, Burkina Fasos Youga gold and RussiasKuranakh gold deposits. In addition, has been a Vice President of Exploration for Echo Bay Mines and Manager/Vice President for North AmericanExploration at Phelps Dodge Mining Company. Dr. Ranta is the Chairman of Rare Element Resources (TSX and NYSE AMEX).Roger Norwich – DirectorDr. Norwich is non-Executive Chairman of Mexico-based Grupo Minero Panuco, a private company which has extensive producing copper, gold andmolybdenum assets. Dr. Norwich was a founding Director of formerly TSX-V listed Mexican Silver Mines Ltd, which completed a merger with Rio AltoMining Limited (“Rio Alto”, TSX: RIO) in 2009. He remains an Independent Director of Rio Alto, which since the merger has grown from a developmentstage operation to a significant gold producer.Additionally, he has wide-ranging board experience with both publicly-listed and private enterprises. Most recently, he joined the Board of Directors ofInkron Limited, a private company based in Hong Kong which is involved in nanometal (nanocopper and nanosilver) production for the electronicsindustry.Dr. Norwich has a BA in Geology and Archaeology (1974) from Manchester University England. He also holds MB Bachelor of Medicine and ChBBachelor of Surgery degrees from Manchester University. Early in his career, he worked as an oil exploration Geologist for Texaco and gainedexperience in the North Sea, the Gulf of Mexico and the Permian Basin.Charles W. (“Bill”) Reed, Lic. Geo. – DirectorMr. Reed is a former Vice President of Exploration for Paramount Gold and Silver Corp. (AMEX and TSX: PZG). He has significant mining experiencein both Mexico and North America. From 1998 to 2004, he held the position of Chief Geologist - Mexico for Minera Hecla S.A. de C.V., a subsidiary ofHecla Mining (NYSE: HL). From 1993 to 1998 he was Regional Geologist in Mexico and Central America for Echo Bay Exploration.While at Hecla, Mr. Reed supervised detailed exploration at the Noche Buena project, Sonora, and the San Sebastian silver and gold mine, Durango.He also discovered and drilled the Don Sergio vein that was later put into production. While at Echo Bay, Mr. Reed identified the potential of the Doloresmining district in Chihuahua, Mexico and recommended acquisitions that resulted in the discovery of more than 44 million ounces of silver and 2.5million ounces of gold.Mr. Reed holds a Bachelor of Science Degree in Mineralogy from the University of Utah and is a Registered Professional Geologist in the State of Utah.He also completed an Intensive Spanish Program at Institute De Lengua Espanola, San Jose, Costa Rica (1969). He is currently a Director of EmpireCapital Ltd (TSXV). 24
  25. 25. Appendix 2: Share Structure Price per Share Financing Sharesas at December 31, 2012Seed Financing $0.10 $210,000 2,100,000IPO - PI Financial Corp. $0.20 $200,000 1,000,000Post IPO $410,000 3,100,000Exercise of Agents Options $0.20 $2,800 14,000Exercise of Options $0.20 $10,000 50,000December 2007 Private Placement $0.25 $550,000 2,200,000Qualifying Transaction - Initial Blue Hill Creek Share Issuance n/a 0 1,500,000Kilgore JV - First Payment n/a 0 500,000July 2008 Private Placement $0.50 $1,882,500 3,765,000Qualifying Transaction - Second Blue Hill Creek Share Issuance n/a 0 750,000June 2009 Private Placement $0.25 $1,175,500 4,702,000Qualifying Transaction - Third Blue Hill Creek Share Issuance n/a $0 750,000Kilgore JV - Second Payment n/a $0 400,000October 2009 Private Placement $0.65 $2,433,950 3,744,538Warrant Conversion - July 2009 Private Placement $0.35 $1,690,150 4,829,000Exercise of Agents Options $0.25 $37,500 150,000Qualifying Transaction - Fourth Blue Hill Creek Share Issuance n/a $0 750,000Qualifying Transaction - Fifth Blue Hill Creek Share Issuance n/a $0 750,000Kilgore JV - Third Payment n/a $0 400,000October 2010 Private Placement $0.55 $2,744,500 4,990,000Kilgore Buyout - 100% Acquisition n/a $0 2,000,000Qualifying Transaction - Sixth Blue Hill Creek Share Issuance n/a $0 750,000Various Option Exercises $0.47 $63,526 136,000Qualifying Transaction - Final Blue Hill Creek Share Issuance n/a $0 750,000February 2011 Private Placement $0.70 $4,046,390 5,780,557March 2012 Private Placement $0.20 $1,458,500 7,292,500Issued and Outstanding $16,505,316 50,053,596Options (price based on average strike price) $0.31 $1,443,500 4,725,000Warrants: March 2012 Private Placement (expire Sept 2013) $0.30 $1,093,875 3,646,250 Total Warrants $1,093,875 3,646,250Shares Fully Diluted $19,042,691 58,424,846 25
  26. 26. Corporate Information Head Office1610 - 1066 West Hastings St. Bank Vancouver, BC V6E 3X1 Bank of Montreal Tel: (604) 683-2507 Auditor info@otisgold.com D&H Group LLP www.otisgold.com Contact Legal Counsel Harder & CompanyCraig Lindsay, President & CEO craig@otisgold.com Direct: (604) 218-0550 26