VANCOUVER, Canada, March 10, 2009, Otish Energy Corp. (the “Company”) (TSXV: OEI and Santoy Resources Ltd. (TSX.V: SAN) announce that they have mutually agreed to dissolve their Joint Venture covering certain properties in the Otish Mountains of central Quebec.
In return for forgiveness of an outstanding debt of $612,571.28, Otish Energy has agreed to transfer its fifty percent interest in the mineral properties of the Joint Venture.
On Behalf of the Board,
Otish Energy Inc.
“Steve Smith”
Steve Smith
President
