Otis Gold has signed a joint venture agreement for its Oakley Gold Project in Idaho. Under the terms, the partner will spend $6.25 million in exploration over 7 years to earn an 80% interest. Otis will be the operator until 2019 and receive cash payments totaling $3.525 million. The Oakley Project contains the Blue Hill Creek deposit with an Indicated resource of 235,000 ounces of gold and has large exploration potential across its 3,500 acres.
Objective Capital's Americas' Resources Investment Congress 2011
Ironmongers' Hall, City of London
1 February 2011
Speaker: Walt Coles, Jr., Virginia Energy Resources
Objective Capital's Americas' Resources Investment Congress 2011
Ironmongers' Hall, City of London
1 February 2011
Speaker: Walt Coles, Jr., Virginia Energy Resources
Objective Capital's Rare Earths, Speciality & Strategic Metals
Investment Summit 2012
Ironmongers' Hall, City of London
13-14 March 2012
Speaker: John Mair, Greenland Minerals and Energy
Teslin River Resources is focusing its efforts on precious metal properties located in areas that have demonstrated the potential to host significant resources. The initial phase will be to accumulate a portfolio of gold/silver prospective properties.
Objective Capital's Rare Earths, Speciality & Strategic Metals
Investment Summit 2012
Ironmongers' Hall, City of London
13-14 March 2012
Speaker: Richard Wolanski, Speewah Metals
Objective Capital's Rare Earths, Speciality & Strategic Metals
Investment Summit 2012
Ironmongers' Hall, City of London
13-14 March 2012
Speaker: John Mair, Greenland Minerals and Energy
Teslin River Resources is focusing its efforts on precious metal properties located in areas that have demonstrated the potential to host significant resources. The initial phase will be to accumulate a portfolio of gold/silver prospective properties.
Objective Capital's Rare Earths, Speciality & Strategic Metals
Investment Summit 2012
Ironmongers' Hall, City of London
13-14 March 2012
Speaker: Richard Wolanski, Speewah Metals
SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE MKT:SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver deposit, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine.
2. Legal Disclaimer
Except for the statements of historical fact contained herein, the information presented constitutes “forward‐looking statements” within the meaning
of the Safe Harbour Statement under the United States Private Securities Litigation Reform Act of 1995. Such forward‐looking statements including
but not limited to those with respect statements, to the price of gold, the timing and amount of future production, costs of production, reserve and
resource determination and reserve conversion rates, involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements
expressed or implied by such forward‐looking statements. Such factors include, among others, risks relating to the integration of acquisitions, risk
relating to international operations, risks relating to joint‐venture operations, the actual results of current exploration activities, conclusions of
economic 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 factors
that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as
actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue
reliance on forward‐looking statements.
CAUTIONARY NOTE TO US INVESTORS CONCERNING ESTIMATES OF MEASURED, INDICATED & INFERRED RESOURCES
This presentation uses the terms “Measured”, “Indicated” and “Inferred” Mineral Resources. US investors are advised that while such terms are
recognized and required by Canadian Securities Regulatory Authorities and laws, the Securities and Exchange Commission does not recognize
them. “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 higher
category.
Under Canadian securities laws, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. US investors are
cautioned 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 part
of an Inferred Resource exists, or is economically or legally mineable.
QUALIFIED PERSON
Under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects, the Qualified Person for this Otis Gold Corp. presentation is
Dr. John Carden, PhD Lic. Geo. and consulting geologist for Otis Gold Corp., who has reviewed and approved its contents.
2
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 2013
Otis aims to become the leading consolidator of gold projects in the Western USA, using the Kilgore Gold
Project to anchor the story.
3
4. Share Capitalization
Issued Shares (see Appendix 21 50.1 million
No debt
Options Outstanding 3.0 million
Management & close hands own a significant position
Warrants Outstanding 3.6 million
Fully Diluted Shares 56.7 million Institutions have between 35 – 40% ownership interest
Treasury (January 31, 2013) $0.75 million
Galena Special Situations Fund ~7% shareholder
Insider/Close Hands Holdings ~15%
Trading at historic lows
52 Week High/Low CAD $.35/$0.07
Avg. Daily Vol. (12 week) ~50,000
TSX-V: OOO
OTCQX: OLGDF
4
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 Inc
Craig Lindsay, BComm, MBA, CFA (TSX: EFR) in 2009
President & 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 Mines
Chief 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 Mines
Bob 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 Mines
Roger Norwich Director: Rio Alto Mining (TSX: RIO) and Founding Director Mexican Silver Mines Ltd
Director Non-Executive Chairman: Mexico-based Grupo Minero Panuco
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 Consultant
Director
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. 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
1
Kilgore Gold Deposit
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 Creek
1. Donald E. Cameron M.S., an independent consultant and Qualified Person under National Instrument (NI 43‐101) Standards of Disclosure for
Mineral Projects has prepared, reviewed and verified the Kilgore Gold Deposit resource estimate included in this corporate presentation. Verification
included 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 Metallurgical
Society of America.
6
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 NSRs
Previously operated by majors such as Placer Dome, Pegasus Gold & Echo Bay Mines.
7
8. Kilgore Gold Project
History
1993 – 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 position
2004 Kilgore Minerals Ltd.
Completed updated Scoping Study that showed attractive economics
presuming doubling existing mineable resource with Au price of
$375/oz
2008 - 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 Kilgore
Note 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 the
historical estimates as current mineral resources, nor confirm the economic viability of the project, and the issuer is not treating the historical estimates as current 8
mineral resources and the historical estimates should not be relied upon.
11. Kilgore Deposit: 2008 – 2011 Select Drill Intercepts
Intercepts and
grade
demonstrate
continuity of
deposit.
90 of 108 holes
reported
between 2008
and 2012 have
hit
mineralization.
Echo Bay hole
EKR-98
intercepted
27.4m @ 1.30 g/t
300m southeast
of discovery
hole 11 OKC-252
11
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. Kilgore Deposit
2011 Soil Survey
Kilgore Deposit
remains wide open
to the northeast,
northwest and
southeast
(into Prospect
Ridge Area)
Location of three 100m+ intercepts
13
14. 2012 Kilgore North Target Drilling
Drilling into the North Target area,
which is outside of existing resource,
achieved excellent results in 2012.
14
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. Environment
Corporate Social Responsibility
Otis is committed to growing in a sustainable manner & minimizing
its environmental impact
Environmental Scoping Study (Dec. 2010, Golder Associates Inc.)
“No issues have been identified that are considered fatal flaws.”
Exploration Permits
All have been granted in 6 weeks (or less)
Idaho State Exploration Reclamation Award
1995 Recipient
No threatened or endangered species present
All drainage internal
No water flows into salmon spawning grounds or rivers
Not in the view shed of any National Parks
Not in the vicinity of any Native American land
17
18. Infrastructure
24 km to railhead Significant local water supply
and Interstate Permanent well on property
Excellent road access with Power to town of Kilgore
2-wheel drive vehicle (approx. 5 km from deposit)
18
19. 2013 Goals
Kilgore 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.
19
20. Development Plan
2012 2013 2014 2015 2016
Drilling:
Mine Ridge/Mine Ridge North 1000m 7,000m
Gold Ridge 4,000m 7,000m
Other Targets 3,000m 5,000m
Permitting - Roads
NI 43-101 Resource Estimate
Baseline Environmental Studies
Met Testing - Run of Mine
PEA
PFS/BFS
Permitting - Mine
Mine Construction
20
21. 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.
21
22. Comparable Company Valuations
Company (Gold Companies with Share I/O
Exchange Share Price MC (millions) NI 43-101 Ozs MC/Oz
projects in Idaho) (millions)
Midas Gold TSX 114.3 $2.00 $228.60 5,700,000 $40.1
Northern Vertex TSX 52.5 $1.30 $68.25 1,200,000 $56.9
Terraco Gold Corp TSX-V 133.9 $0.18 $24.10 948,000 $25.4
Western Pacific TSX-V 23.0 $0.07 $1.61 501,859 $3.2
Musgrove Minerals TSX-V 15.6 $0.10 $1.56 460,000 $3.4
Premium Exploration TSX-V 143.1 $0.07 $10.02 775,000 $12.9
Atlanta Gold Corp TSX-V 253.4 $0.04 $10.14 756,000 $13.4
Otis Gold Corp TSX-V 50.2 $0.14 $7.03 1,055,000 $6.7
Simple Average $20.2 Significant
Weighted Average $39.8 opportunity for
re-valuation of
Otis Gold
Share I/O NI 43-101 Ozs
Company (Resource Base of 1.0 to 5.0 Exchange Share Price MC (millions) MC/Oz
(millions) (Au or AuEq)
millon Oz Au)
Torex Gold Corp TSX 604.4 $2.08 $1,257.15 2,200,000 $571.4
Premier Gold Mines TSX 149.0 $3.97 $591.53 1,800,000 $328.6
Rainy River Resources TSX-V 89.9 $5.01 $450.40 5,003,000 $90.0
Keegan Resources TSX 84.9 $3.90 $331.11 4,130,000 $80.2
Rio Novo Gold TSX 113.2 $0.21 $23.77 2,248,000 $10.6
Klondex Mines TSX 64.4 $1.17 $75.35 2,150,000 $35.0
Midway Gold TSX-V 128.5 $1.38 $177.33 4,536,000 $39.1
Orezone Gold TSX 85.6 $1.78 $152.37 4,490,000 $33.9
Rye Patch Gold TSX-V 146.3 $0.42 $61.45 3,100,000 $19.8
Simple Average $319.2
Weighted Average $234.9
22
23. 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.
23
24. Appendix 1: Share Structure
Price per Share Financing Shares
as at December 31, 2012
Seed Financing $0.10 $210,000 2,100,000
IPO - PI Financial Corp. $0.20 $200,000 1,000,000
Post IPO $410,000 3,100,000
Exercise of Agents Options $0.20 $2,800 14,000
Exercise of Options $0.20 $10,000 50,000
December 2007 Private Placement $0.25 $550,000 2,200,000
Qualifying Transaction - Initial Blue Hill Creek Share Issuance n/a 0 1,500,000
Kilgore JV - First Payment n/a 0 500,000
July 2008 Private Placement $0.50 $1,882,500 3,765,000
Qualifying Transaction - Second Blue Hill Creek Share Issuance n/a 0 750,000
June 2009 Private Placement $0.25 $1,175,500 4,702,000
Qualifying Transaction - Third Blue Hill Creek Share Issuance n/a $0 750,000
Kilgore JV - Second Payment n/a $0 400,000
October 2009 Private Placement $0.65 $2,433,950 3,744,538
Warrant Conversion - July 2009 Private Placement $0.35 $1,690,150 4,829,000
Exercise of Agents Options $0.25 $37,500 150,000
Qualifying Transaction - Fourth Blue Hill Creek Share Issuance n/a $0 750,000
Qualifying Transaction - Fifth Blue Hill Creek Share Issuance n/a $0 750,000
Kilgore JV - Third Payment n/a $0 400,000
October 2010 Private Placement $0.55 $2,744,500 4,990,000
Kilgore Buyout - 100% Acquisition n/a $0 2,000,000
Qualifying Transaction - Sixth Blue Hill Creek Share Issuance n/a $0 750,000
Various Option Exercises $0.47 $63,526 136,000
Qualifying Transaction - Final Blue Hill Creek Share Issuance n/a $0 750,000
February 2011 Private Placement $0.70 $4,046,390 5,780,557
March 2012 Private Placement $0.20 $1,458,500 7,292,500
Issued and Outstanding $16,505,316 50,053,596
Options (price based on average strike price) $0.31 $1,443,500 4,725,000
Warrants:
March 2012 Private Placement (expire Sept 2013) $0.30 $1,093,875 3,646,250
Total Warrants $1,093,875 3,646,250
Shares Fully Diluted $19,042,691 58,424,846
24
25. Appendix 2: Biographies
Craig Lindsay, MBA, CFA – President, CEO & Director
Mr. Lindsay has in excess of 18 years experience in corporate finance, investment banking and business development in both North America and Asia. Mr. Lindsay
was 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 Finance
and Investment Banking Group at PricewaterhouseCoopers LLP. Mr. Lindsay was a founding Director of Malasapina Capital Ltd., a junior capital pool company, and
was 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 a
Chartered Financial Analyst. He is a Past Chairman of the Family Services of Greater Vancouver (the largest social service agency in British Columbia) and a current
Director and Immediate President of the Hong Kong – Canada Business Association (Vancouver Section). Additionally, he sits on the Leadership Council of
Dalhousie University’s $250 million “Bold Ambitions” capital campaign.
Mitch Bernardi, M.Sc. Geology – Chief Geologist
Mr. 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. Bernardi's experience, some 20 years, has been in precious metals property generation, exploration, and
development, 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 gold
deposit, Idaho (706,000 ounces Au), Coulterville gold project, California (70,000 ounces Au), Crypto zinc deposit, Utah (6.01MM Tons @ 8.68% sulfide zinc), Pan
gold 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 Fellowship
at Ohio State University.
John Carden, Ph.D., Lic. Geo – Consulting Geologist & Board Advisor
Dr. Carden has more than 30 years experience in exploration management, teaching, and research. He has broad experience in managing large exploration
programs including tracking costs, managing personnel, negotiating leases and contracts, writing technical reports, writing permitting and compliance documents for
state 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 a
gross 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 Echo
Bay’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 in
generating 35 funded projects over a five year period. While at Echo Bay, he discovered the 600,000 ounce Lamefoot gold deposit, Echo Bay's highest-grade and
lowest 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 for
Paramount 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 in
Geology from Kent State University, Kent, Ohio. He is a Licensed Geologist in the State of Washington a member of the American Institute of Professional
Geologists 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).
25
26. Biographies (cont’d)
Donald E. Ranta, Ph.D., P.Geo. – Director
Dr. Ranta is an exploration and development mining executive experienced in planning, implementing and directing successful exploration and
acquisitions 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 Petroleum
Engineers (AIME).
He has successfully directed and led innovative exploration efforts resulting in the discovery, evaluation and/or acquisition of several major deposits
including Montana's McDonald and Mexico's Santa Gertrudis gold ore bodies. He has also participated in the acquisition or discovery of Baja
California's Paradones Amarillos, Idaho's Kilgore, Montana's Seven-Up Pete, Mexico's Dolores gold-silver, Burkina Faso's Youga gold and Russia's
Kuranakh gold deposits. In addition, has been a Vice President of Exploration for Echo Bay Mines and Manager/Vice President for North American
Exploration at Phelps Dodge Mining Company. Dr. Ranta is the Chairman of Rare Element Resources (TSX and NYSE AMEX).
Roger Norwich – Director
Dr. Norwich is non-Executive Chairman of Mexico-based Grupo Minero Panuco, a private company which has extensive producing copper, gold and
molybdenum assets. Dr. Norwich was a founding Director of formerly TSX-V listed Mexican Silver Mines Ltd, which completed a merger with Rio Alto
Mining Limited (“Rio Alto”, TSX: RIO) in 2009. He remains an Independent Director of Rio Alto, which since the merger has grown from a development
stage 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 of
Inkron Limited, a private company based in Hong Kong which is involved in nanometal (nanocopper and nanosilver) production for the electronics
industry.
Dr. Norwich has a BA in Geology and Archaeology (1974) from Manchester University England. He also holds MB Bachelor of Medicine and ChB
Bachelor of Surgery degrees from Manchester University. Early in his career, he worked as an oil exploration Geologist for Texaco and gained
experience in the North Sea, the Gulf of Mexico and the Permian Basin.
Charles W. (“Bill”) Reed, Lic. Geo. – Director
Mr. Reed is a former Vice President of Exploration for Paramount Gold and Silver Corp. (AMEX and TSX: PZG). He has significant mining experience
in 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 of
Hecla 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 Dolores
mining district in Chihuahua, Mexico and recommended acquisitions that resulted in the discovery of more than 44 million ounces of silver and 2.5
million 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 Empire
Capital Ltd (TSXV).
26
27. Corporate Information
Head Office
1610 - 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 & Company
Craig Lindsay, President & CEO
craig@otisgold.com
Direct: (604) 218-0550
27