NR: Otish Energy Announces $500,000 Financing

Welcome To The Otish Energy HUB On AGORACOM

Gold in Guyana, Rare Earth and Uranium in Quebec.

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

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NR: Otish Energy Announces $500,000 Financing

posted on Feb 22, 2011 04:06PM

Otish Energy Announces $500,000 Financing

VANCOUVER, BRITISH COLUMBIA, Feb 22, 2011 (MARKETWIRE via COMTEX News Network) --

Otish Energy Inc. (the "Company") (TSX VENTURE: OEI) announces that it has arranged, subject to the acceptance of the TSX Venture Exchange, a private placement totaling $500,000. These funds will be raised by the Company issuing up to 2.5 million units at a price of $0.20 per unit, each unit consisting of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder, on exercise, to purchase one common share for a period of one year, at a price of $0.25.

Finder's fees may be payable on a portion of the private placement, in accordance with the policies of the TSX Venture Exchange.

The net proceeds of the private placement will be used to further exploration on the Company's properties and for working capital purposes.