DEVELOPING IDAHO’S NEXT

OPEN PIT HEAP LEACH GOLD PROJECT

January 2017

Corporate PresentationJanuary 2020

TSX-V: OOO OTC: OGLDF

Kilgore – Idaho’s Next Multi-Million Ounce Gold Deposit

DISCLAIMER & CAUTIONARY NOTESExcept for the statements of historical fact contained herein, the information presented constitutes “forward‐looking statements” within the meaning of the Safe Harbour Statement under theUnited 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 andamount of future production, costs of production, reserve and resource determination and reserve conversion rates, involve known and unknown risks, uncertainties and other factors which maycause 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‐lookingstatements. 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 resultsof 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 CONCERNING ESTIMATES OF MEASURED, INDICATED & INFERRED RESOURCES

All statements in this presentation, other than statements of historical fact, are "forward-looking information" with respect to Otis Gold within the meaning of applicable securities laws, includingstatements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, expected capitalcosts at Kilgore, expected gold and silver recoveries from the Kilgore, mineralized material, potential additions to the resource through additional drill testing, potential upgrade of inferred mineralresources to measured and indicated mineral resources, the potential for silver resources and intentions to pursue a silver resource study and beliefs regarding gold resources being contained withina larger property area. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict","potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may","should", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates andassumptions of management at the date the statements are made including, among others, assumptions about future prices of gold, and other metal prices, currency exchange rates and interestrates, favourable operating conditions, political stability, obtaining governmental approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining requiredlicenses and permits, labour stability, stability in market conditions, availability of equipment, accuracy of any mineral resources, the availability of drill rigs, the accuracy of a preliminary economicassessment, successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that are not within the control of Otis Gold and there is noassurance they will prove to be correct.Such forward-looking information, involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including, risks related to the interpretation of results and/or the reliance on technical information provided by third parties as related to the Company’s mineral propertyinterests; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; the costs andtiming of the development of new deposits; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; the timing and success of exploration activitiesgenerally; delays in permitting; possible claims against the Company; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, financing or in thecompletion of exploration.The mineral resource estimates referenced in this press release use the terms "Indicated Mineral Resources" and "Inferred Mineral Resources." While these terms are defined in and required byCanadian regulations (under NI 43-101), these terms are not recognized by the U.S. Securities and Exchange Commission ("SEC"). "Inferred Mineral Resources" have a great amount of uncertainty asto their existence, and great uncertainty as to their economic and legal feasibility. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7compliant "reserves" as in-place tonnage and grade without reference to unit measures. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories willever be converted into reserves. Otis Gold is not an SEC registered company.Although Otis Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there maybe other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results andfuture events could differ materially from those anticipated in such statements. Otis Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as aresult of new information, future events or otherwise unless required by law.

QUALIFIED PERSONUnder National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects, the Qualified Person for this Otis Gold Corp. presentation is Mr. Alan A. Roberts, MSc, CPG, Vice President ofExploration, who has reviewed and approved its contents.

Kilgore Project (Au) – 100% Ownership▪ Advanced stage exploration/development project.▪ NI 43-101 resource estimate (2018):

▪ Indicated 825,000 oz Au @ 0.58 g/t▪ Inferred 136,000 oz Au @ 0.45 g/t

▪ PEA highlights (2019, at $1,300 gold):▪ After-tax NPV5% of US$110.4m and IRR of 34.0%.▪ Mine life 5.0 yrs; pay back 3.0 yrs.▪ Average annual gold production = 111,700 oz.▪ Strip ratio 1.1:1.

▪ Approved 5-year Plan of Operation allows step-outs on existing Kilgore deposit and drilling periphery targets.

▪ Significant resource expansion potential in a 5 km zone around current limits of Kilgore Deposit (1 km).

▪ Fall 2019 program, 3,250 m of drilling in 11 holes, step-off open-ended mineralization. Assays pending.

Oakley Project (Au, Ag) – 100% Ownership ▪ Intermediate-stage exploration project.▪ NI 43-101 resource estimate (2016):

▪ Inferred 163,000 oz Au @ 0.51 g/t ▪ 3D geologic modelling integrates historic and recent

data for drill program planning for 2020.▪ Marketing project to prospective partners to advance

project more aggressively.

Otis is focused on developing the Kilgore Project through to a commercial production decision. 3

CORPORATE OVERVIEW

4

Capital Structure TSX.V: OOO OTC: OGLDF

Issued Shares (see Appendix 1) 175.4 million

Options Outstanding 12.4 million

Warrants Outstanding 6.6 million

Fully Diluted Shares 194.4 million

Treasury (est. as at Sept. 30, 2019) CDN $903,000

Market Cap (based on price of $0.11) CDN $19.2 million

52 Week High/Low CDN$.135/$0.07

CAPITAL STRUCTURE & FINANCIAL INFORMATION

SELECT PRESS RELEASES

December 19, 2019 Federal Court Confirms Status of Kilgore Plan of OperationOctober 16, 2019 Otis Initiates Drilling at KilgoreSeptember 26, 2019 Otis Closes Oversubscribed Private Placement of $1.3 millionAugust 27, 2019 Otis Amends and Files Positive Maiden Kilgore PEAAugust 23, 2019 Otis Arranges $1 million private placement financingApril 29, 2019 Otis Announces Major Investor Acquires 2 Million SharesApril 15, 2019 Otis Reports Excellent Metallurgical Results From KilgoreDecember 4, 2018 Otis Samples up to 1.75 g/t Au, 105.0 g/t Ag at Oakley ProjectNovember 13, 2018 Otis Identifies 3.5km Gold & Silver Anomaly at Cold CreekAugust 23, 2018 Otis Receives New 5-Year Exploration Permit at KilgoreAugust 14, 2018 Otis Increases Kilgore Indicated Gold Resource by 59%April 11, 2018 Otis Adds New Gold Targets at KilgoreFebruary 14, 2018: Otis Drills 118.9m of 1.41 g/t Au and 137.2m of 0.91 g/t AuJanuary 18, 2018: Otis Drills 24.4m of 4.33 g/t Au and 53.3m of 1.23 g/t AuOctober 10, 2017: Otis Drills 129.4m of 1.66 g/t Au and 73.1m of 1.13 g/t AuFebruary 28, 2017: Agnico Eagle 9.9% Investment @ $.35 per shareJanuary 19, 2017: Otis Drills 128.0m of 1.79 g/t Au and 80.8m of 1.87 g/t Au

Analyst Coverage:

Scarsdale Equities LLC Michael Niehuser

Key Shareholders

Agnico Eagle Mines Limited 8.0%

Van Eck 3.0%

2nd Half Limited 12.9%

Management, Directors & Insiders 27.7%

US Global Investors Fund < 1.0%

Gold 3000 Fund 1.5%

Myrmikan Gold Fund LLC < 1.0%

5

KEY MANAGEMENT, DIRECTORS & ADVISORS

Craig Lindsay, BComm, MBA, CFA

Co-Founder, CEO & Director

▪ Co-Founder & Former CEO: Magnum Uranium Corp., which was sold to Energy Fuels Inc. (NYSE MKT:UUUU) in 2009▪ Former VP, Investment Banking: PricewaterhouseCoopers LLP▪ Founder and Former CFO: OneAsia.com (Holdings) Ltd. , which was sold to Tom Group Limited (SEHK: 2383) in 2001▪ Director: Rebel Capital Inc (TSXV: RBL.P); VR Resources Ltd. (TSX-V: VRR), Alianza Minerals Ltd. (TSX-V:ANZ) and Philippine

Metals Inc. (TSX-V:PHI)▪ Immediate Past National Chairman, Hong Kong-Canada Business Association ▪ Past Chairman and Board Member, Family Services of Greater Vancouver

Alan A. Roberts, M.Sc., CPG

Vice President, Exploration

▪ Former Exploration Manager, Equinox Gold Corp (TSX: EQX), at the Castle Mountain epithermal gold project in California▪ Over 25 years’ global experience in progressively senior roles at various exploration and resource development projects

throughout North America, Central and South America, China and Africa

Dr. Roger NorwichDirector

▪ Former Director: Rio Alto Mining Ltd., which was sold to Tahoe Resources Inc. (TSX: THO) for $1.09 billion in 2015▪ Non-Executive Chairman: Mexico-based Grupo Minero Panuco (copper and gold miner)

Don Poirier, B.Sc.Director

▪ Former VP of Corporate Development: Hecla Mining (NYSE: HL), part of team responsible for acquisition of Aurizon Mines Ltd. In 2013

▪ Former sell-side mining analyst (20 years) at several Canadian investment firms; also has experience as a field geologist

Dr. Donald E. Ranta, Ph.D, P.Geo

Director▪ Former Chairman, President & CEO: Rare Element Resources Ltd. (NYSE MKT:REE)▪ Former VP, Exploration: Echo Bay Mines Ltd.

Dr. Tim Miller, MBA, DBA, CIPD

Director▪ Former Chairman: Standard Chartered Bank Korea▪ Former Director - Property, Research and Assurance: Standard Chartered Bank plc

Michael Vint, P.Eng.

Advisory Board

▪ Vice President: Endeavour Financial Services Ltd.▪ Over 20 years’ experience in mine operations and construction, including open pit mines in Nevada and California and

underground mines at Hemlo and Eskay Creek

Eric KlepferAdvisory Board

▪ Principal: Klepfer Mining Services LLC▪ B.Sc. in Mining Engineering and Engineering Administration (Michigan Technological University)▪ Significant range of mine permitting expertise in the Western USA

THE OTIS GOLD TEAM

6

WHY IDAHO?

▪ Idaho ranked #5 state in US and #16 jurisdiction Globally (Fraser

Institute Annual Survey 2018)

▪ Well-defined permitting process▪ Strong community support▪ Low geopolitical risk▪ Significant mining history that is

both geologically prospective and under-explored

Idaho – The next Nevada?

60 kms

7

KILGORE - HISTORY AND OVERVIEW

▪ Kilgore is approx. 12,000 acres (located on US Forest Service land) 100% owned byOtis and royalty-free.

▪ Kilgore produced historically (circa 1930 - 1935) as a small-scale undergroundmining operation. No production records exist but significant evidence of miningoperations in the form of remnants of a tram line, ore-sorting facility andnumerous collapsed adits.

▪ In the 1990’s, Echo Bay Mines planned to develop Kilgore as an open pit operationwith forecast production of approx. 45,000 ounces/year. Due to a drop in goldprices to sub $300/ounce, they abandoned the project.

▪ Historic project wide drilling totaling approximately 306,500 feet (93,400 m) in 381holes.

Mining cabin circa 1935, Blue Ledge Mining Company

View of Kilgore Project looking South

Kilgore Deposit

8

KILGORE – AERIAL VIEW

Caldera margin(projection)

Generalized Cross-Section (see page 16)

Kilgore Project

I-15 (major N-S interstate)

Dubois, Idaho (Otis Field Office)

Spencer Opal Mine(operating)

Excellent infrastructure around project area with I-15 and rail only 17 kms away.

9

KILGORE – VOLCANIC “CALDERA” HOSTED GOLD DEPOSIT

The Kilgore Deposit is a caldera-related low sulphidation epithermal gold deposit on trend with other gold deposits related to the track of the North America hotspot. The deposit is directly analogous to Round Mountain (Kinross Gold).

10

KILGORE NI 43-101 RESOURCE ESTIMATE

Classification

Imperial Units Metric Units

Au Ounces

Cut-off (Au

opt) Short tons

Au Grade

(opt)

Cut-off (Au

g/t) Metric Tonnes

Au Grade

(g/t)

Indicated 0.006 49,106,000 0.017 0.21 44,556,000 0.58 825,000

Inferred 0.006 10,354,700 0.013 0.21 9,399,000 0.45 136,000

Kilgore Deposit Mineral Resource Statement1

▪ Approximately 85% of resource in the Indicated category.▪ Pit constrained – a large amount of unclassified mineralization lies outside of the pit due to undrilled gaps

in model, etc.▪ Project exhibits “district” scale potential.▪ Most of the property remains incompletely tested or drilled including several highly prospective areas

(Gold Ridge, Prospect Ridge, Dog Bone Ridge and Gold Knob).

1. The geologic model and mineral resource estimate for Kilgore was completed by David Rowe, CPG, of Rowearth LLC, an independent Qualified Person as defined bythe National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”) in accordance with the Canadian Institute of Mining, Metallurgy andPetroleum, as the CIM Definition Standards on Mineral Resources and Mineral Reserves adopted by CIM Council, as amended. Terre Lane with Global ResourceEngineering, Ltd. Of Denver (“GRE”) is the QP for pit optimization and Todd Harvey, also of GRE, is the QP for metallurgical aspects.

Notes:Mineral resources have been classified in accordance with the CIM Definition Standards on Mineral ResourcesGold resources are reported above a 0.21 g/T Au (0.006 opt) cut-off Mineral resources reported here are constrained within an optimized pit shell. Pit shell input parameters: Gold price $1,300, Selling price $2.20/oz, Recovery 80%, Mining cost $2/ton, Process cost + G&A $4/ton, Pit slope 50°

11

GOLD GRADE COMPARISONS WITH US PEERS1

Kilgore’s gold grade compares favourably with Open Pit, Heap Leach US peers (average of 0.53 g/t Au) for Measured and Indicated resources.1

average grade of 0.53 g/t Au

1. Average gold grade for Measured and Indicated gold resources for 18 companies listed in chart. Data drawn from company reports.

12

KILGORE - 2019 PRELIMINARY ECONOMIC ASSESSMENT (PEA)

Kilgore Project PEA1, Clark County, Idaho, USA

$110.4 million | 34.0%after-tax NPV5% | IRR

111,700 oz Au | 558,700 oz Auaverage annual gold | LOM gold production

5.0 years | 3.0 yearsmine life | payback

1.1:1 waste: mineralized materiallow LOM strip ratio

54.0 Mt | 60.0 MtTotal leach tons mined | Total waste tons mined

0.72 / 0.24 g/t Au | 82.0% / 50.0%Crush grade / ROM grade | LOM Au recovery Crush / ROM

$780/oz Au | $832/oz AuCash cost2 | All-in sustaining cost (AISC3)

$81.0 millionInitial capital requirements

PEA prepared by Global Resource Engineering, Ltd. (GRE)

1 See press release dated Aug. 27, 2019 for further PEA details.2 Includes mining cost, mine-level general and administrative, leaching, and refining cost.3 Includes mining cost, mine-level G&A, leaching and refining cost.

NPV5% in US$MDiscount Rate

5.0% 7.0% 9.0%

Go

ld P

rice

s U

SD

/ o

z

$900 (27.8) (33.2) (37.9)$1,100 32.4 23.2 15.1$1,300 110.4 96.8 84.6$1,500 185.5 167.6 151.4$1,700 259.5 237.3 217.3

PEA Sensitivity to Gold Price

Gold Price/oz$900 $1,100 $1,300 $1,500 $1,700

Post-tax IRR (2.4%) 13.4% 34.0% 53.3% 71.5%

PEA at $1,300 gold price

PEA at current $1,500 gold price range

Otis is currently trading at a market cap of approximately CDN$21 million, a significant discount to Kilgore’s projected NPV.

13

METALLURGY –AMENABLE TO OPEN PIT HEAP LEACH RECOVERY

▪ Echo Bay Mines (1993 – 1996):➢ Bottle Roll tests: all > 90% extractability (Echo Bay Mines 1993- 1996).➢ Material is not refractory.➢ Oxide and mixed material comprises 85% to 90% of deposit. Column leach recoveries.

▪ Otis Gold (2010-2015):➢ Dike 85% (o.5” and 1.5”) – oxide.➢ Lithic Tuff 81% (0.5” and 1.5”) – oxide.➢ Aspen 70% (0.5” and 1.5”) – unoxidized.➢ Low cyanide (1/2 lb./ton) & lime consumption.

▪ Otis Gold (2019):➢ Bottle roll leach tests on Sill Domain material achieved gold extractions averaging 86.4% at 10 mesh, and 93.0%

at 200 mesh. ➢ Column leach test results from Sill Domain material show 74.8% gold recovery from 12.5mm (0.5”) crushed core,

and 83.5% gold recovery from 38mm (1.5”) crushed core. The 38mm crushed core leached slower but has higher overall gold extraction.

➢ Final gold grades from Sill material show a 59% increase (final grades returning up to 1.42 g/t Au vs head assay grades of 0.89 g/t Au).

▪ Work planned on larger crush column leach testing to assess potential for ROM vs crush/ROM option as presented in PEA.

14

WESTERN US HEAP LEACH COMPARABLESCompany Asset Location Stage Process

Reserve/Resource grade (g/t Au)

Au Recovery (%) Strip Ratio18

Newmont Emigrant Nevada Operating ROM 0.621. 581 N/A

Newmont Long Canyon Nevada Operating ROM 2.092A 762B N/A

SSR Mining Marigold Nevada Operating ROM 0.453A 74.13B 3.2:1

Kinross Round Mountain Nevada Operating ROM 0.444A ~554B N/A

Kinross Bald Mountain Nevada Operating ROM 0.645A 765B N/A

Equinox Mesquite California Operating ROM 0.516A 756B 2.5:1

Alio Gold Florida Canyon Nevada Operating Crush 0.427A 717B 0.5:1

Fiore Pan Nevada Ramp-up ROM/2-Stage Crush and Agglomerate 0.518A 728B 1.3:1

McEwen Mining Gold Bar Nevada Feasibility Screen & Agglomerate 1.019A 789B 5.2:1

West Kirkland Hasbrouck Nevada PFS ROM, 3-stage Crush 0.5810A 75.710B 1.0:1

Americas Silver Relief Canyon Nevada PFS Crush and Agglomerate 0.7211A 8311B 2.6:1

Corvus Gold North Bullfrog Nevada PEA ROM 0.3712A 7412B 2.0:1

Equinox Castle Mountain California Resource ROM/Crush 0.6413A 60/7313B 3.6:1

Gold Standard Pinion Nevada Resource TBD 0.5814A 6914B 1.5:1

Gold Standard Dark Star Nevada Resource ROM(?) 0.54/1.3115A 8515B not calculated

Liberty Gold Goldstrike Utah Resource + ROM 0.5416A 8016B 1.2:1

Otis Gold Kilgore Idaho PEA ROM/Crush 0.5817A 8217B 1.1:1

9A2017 P&P oxide Reserves;

9B2017 Prefeasibility recovery

10A2017 Resource Statement M&I

10B 2017 Technical Report projected

11A2017 Resource Statement I&I;

11B 2017 Technical Report Bottle Roll results only

13A2017Reserve Statement;

13B2015 Feasibility Report

14A2017 Technical Report;

14B Average LOM

*excluding/including Long Canyon16A

2018 Maiden Resource Estimate, 16B

2018 LGD press release.

17A2018 Technical Report and Mineral Resource Estimate,

17BCompany estimate at 1.5" crush size based on historical column leach results.

18N/A=not available

72017 PEA, M&I Resource; recovery is LOM; 71% projected in future using crushed only

8A 2015 P&P Reserves;

8B2016 Pre Feasibility Study overall recovery

12A2018 Resource I&I (press release);

12B Variable by grade; estimated from column tests and projected to ROM material

size

1USGS mrdata Data and references therein

2ANewmont 2016 Reserve Statement;

2BNewmont 2016 Annual Report

3ASSR 2016 Reserve Statement;

3B Total Gold, life of mine, 2014 Technical Report

4A Kinross 2016 MD&A; 2016 grade of material placed on the leach pads;

4B 2006 Technical Report life of

mine "Dedicated Leach Pad" approximate recovery5A

Kinross 2016 MD&A; material placed on leach pad in 2016; 5B

unknown6A

NewGold 2016 Reserve Statement; 6B

NewGold website - oxide ores only (35% non-oxide)16A

"Phase 1 Heap Leach" portion only, M&I, October 31, 2017 press release; 16B

2017PEA Technical Report, weighted

average of all ROM material15A

Indicated/Inferred. 2017 Technical Report; 15B

2017 GSV press release; oxide/transitional; number reflects actual

particle size, not projected to ROM

Kilgore compares favorably in grade, recovery and strip ratio relative to US heap leach projects.

15

OPPORTUNITIES TO ENHANCE KILGORE DEPOSIT

▪ Approved 5-year Plan of Operation will allow step-outdrilling in areas open to mineralization that areimmediately adjacent to the Kilgore Deposit,including:▪ Hole 16 OKR 338 which intercepted 70.1m of

2.74 g/t Au and is wide open to northwest ofDeposit.

▪ Hole 17 OKC 373 which intercepted 24.4m of4.33 g/t Au and is open to southeast of Deposit.

▪ Approximately 20 holes drilled in past two yearsidentified higher grade mineralization in “sill” andsedimentary units underlying Kilgore Deposit;additional drilling stepping off these holes creates theopportunity for increased size and grade.

▪ Fall 2019 drill program completed which consisted of3,250 m, in 11 holes. Focused on stepping out offexisting deposit.

▪ Most of the property remains incompletely tested orundrilled, including approximately 5 km of strike alongthe Volcanic Terrace.

▪ 2020 drill program will comprise up to 25,000 metresbetween Prospect Ridge and Gold Ridge.

The “toe” of the Volcanic Terrace, where the overlying volcanic rocks are in contact with country rocks, represents an area of interest over 5 kms long, within which approximately 1 km hosts the Kilgore Deposit.

16

KILGORE – GEOLOGIC CROSS SECTION

The Kilgore Deposit is a single continuous near-surface gold resource with open pit, heap leach potential.

17

KILGORE – LONG SECTION

Drilling remains open in multiple directions. The most northerly hole in the Kilgore Deposit, 16OKR-338, intercepted 70.1m of 2.74 g/t Au; Fall 2019 step-out drilling is underway.

18

KILGORE – CROSS SECTION

Aspen Formation has potential to host significant sediment- replacement style epithermal deposit(s).Approved 5-year Plan of Operation will allow for significant step-out resource expansion drilling.

19

KILGORE – DISTRICT SCALE POTENTIAL

Ongoing exploration work continues to generate target areas that are prospective to hosting additional gold deposits at Kilgore. Approx. 15 kms of mineralized gold at surface along edge of caldera from Gold Knob to Prospect Ridge.

KILGORE –SIGNIFICANTLY EXPANDED EXPLORATION FOOTPRINT

20New 5-Year Plan of Operation approved for 140 drill sites for resource expansion exploration programs in

2019 and beyond.

KILGORE – 2019 EXPLORATION PROGRAM

212019 drill program comprised of 3,250 m in 11 holes and is first phase of larger 25,000 m drill program.

▪ 11 hole 2019 reverse circulation (RC) drill program completed. Assays pending.▪ Goal is to expand existing Kilgore Deposit via step-outs.▪ Whole rock lithogeochemistry to establish volcanic stratigraphy for exploration targeting and geologic modeling.

2020:

▪ Continuation of regional mapping and sampling to expand project size.

▪ Large diameter (6”) core drilling within the deposit for metallurgical testing (test ROM potential).

▪ High resolution LiDAR imaging survey to better define existing and new drill targets.

▪ Up to 25,000 metres of RC & diamond core drilling at Prospect Ridge, Mine Ridge & Gold Ridge.

2021:

▪ Initiate first pass drill program at Gold Ridge and Dog Bone Ridge.

22

KILGORE - EXPLORATION PLANS

Aspen Formation sandstone unitBuilding access road to drill site Casing drill hole

23

OAKLEY –OVERVIEW

▪ Three primary gold/silver targets: Blue Hill Creek, Matrix Creek and Cold Creek.

▪ Approximately 5,100 acres in surface area (increased by 640 acres in 2018) and 100% owned by Otis.

▪ Located 60 kms west of the Black Pine Project (TSX: LGD) with very similar target geology.

▪ NI 43-101 Inferred resource of 163,000 ounces Au at a grade of 0.51 g/t at Blue Hill Creek. This bulk-tonnage resource is contained within a low-sulphidation epithermal deposit hosted in Tertiary volcanic rocks with similarities in geologic setting and timing to Carlin Trend Gold Deposits. A 5-hole test program in 2014 at Blue Hill Creek, intersected 123m of 0.691 g/t Au (near surface) in one of the holes.

▪ District-scale potential, only limited drill testing. Geologic modeling has identified drill targets along a 9km strike length.

▪ Grab samples from breccias collected in 2017 at Matrix Creek contain up to 306 g/t Ag and 1.34 g/t Au, with 14 samples averaging 70.4 g/t Ag and 0.55 g/t Au.

▪ 2018 highlights of fieldwork at Cold Creek included collection of 651 soil samples and 231 rock-chip samples. Results returned up to 1.9 g/t Au and 8.4 g/t Ag within altered and oxidized ash and a tuffaceous matrix of Tertiary Salt Lake formation conglomerate (Tcg). Results show that Tcg is a principal host for mineralization at Cold Creek.

View of Oakley Project looking south

Hydrothermally brecciated Volcanic Tuff  and Sandstone from the Tertiary Salt Lake

 Formation.

OAKLEY – DEPOSIT STYLE

▪ Carlin Type Gold Deposit (CGTD) geochemical signature at Cold Creek.

▪ Elevated assay values of As, Hg, Te and Tl in rock chip samples indicative of Carlin-type deposit.

▪ Si flooding of rocks at surface and replacement of calcite by silica

▪ Strong FeOx in Si flooded zones.

▪ High Au assay values in rock chips correlate with elevated tracer elements.

▪ Mineralized samples of limestone outcrops at surface.

24

25

OAKLEY – ROCK & SOIL RESULTS - Au

Consists of 198 federal lode mining claims and state leases (approx. 5,120 acres) on western flank of Albion Mountains; 60 kms west of past-producing Black Pine Mine and on trend 7 kms north of past-producing high-grade

silver Vipont Mine.

▪ Additional surface exploration program at Cold Creek, Blue Hill Creek and Matrix Creek.

▪ Develop 3D geologic model for drill targeting and planning (ongoing).

▪ Increase land position as required via claim staking and State lease applications (ongoing).

▪ Conduct airborne LiDAR and Orthophoto survey.

▪ Initiate drill permitting with permitting authority (BLM) at priority targets.

▪ Select drill targets and initiate drilling at Blue Hill Creek and Cold Creek.

▪ Develop drill plan at emerging targets (e.g. Matrix Creek) dependent on fieldwork results.

▪ Exploration drilling at Matrix Creek.

26

OAKLEY - EXPLORATION PLANS

Oxidized and silicified Black Matrix Breccia Black Matrix Breccia

27

SELECT VALUATIONS - US GOLD DEVELOPERS/SMALL SCALE PRODUCERS

Otis trades at a low valuation relative to peers as measured by market cap to ounces in the ground. Revaluation potential arising from future growth in gold resources and reduction in permitting risk.

Source: Company reports, SEDAR filings and market prices as of December 31, 2019.

▪ 100% ownership interest in the Kilgore Project (no royalties) and the Oakley Project.

▪ Secured leading gold producer, Agnico Eagle Mines Limited, as strategic 8% investor.

INVESTMENT RATIONALE

28

▪ Excellent drill results at Kilgore:

▪ 2015 drill intercepts include 56.4 m of 2.05 g/t Au, 59.5 m of 3.79 g/t Au, 50.3 m of 4.24 g/t Au and 94.5 m of 4.21 g/t Au;

▪ 2016 drill intercepts include 30.5 m of 5.37 g/t Au, 85.4 m of 2.5 g/t Au, 128.0 m of 1.78 g/t Au, 120.4 m of 1.55 g/t Au and 80.8 m of 1.87 g/t Au;

▪ 2017 drill intercepts include 129.4 m of 1.66 g/t Au including 24.4 m of 3.45 g/t Au, 73.1 m of 1.13 g/t Au, 110.6 m of 0.90 g/t Au, 65.5 m of 1.21 g/t Au and 62.5 m of 1.11 g/t Au, 24.4 m of 4.33 g/t Au and 53.3 m of 1.23 g/t Au, 137.2 m of 0.91 g/t Au, 118.9 m of 1.41 g/t Au; and

▪ Kilgore Deposit remains open to southeast (step-outs off 24.4 m of 4.33 g/t Au) and northwest (step-outs off 70.1 m of 2.74 g/t Au).

▪ Two-pronged approach to developing Kilgore comprising of:

▪ Advancing Kilgore Deposit with completion of PEA in 2019 and commencement of development/permitting work (step-out/expansion drilling of current resource); and

▪ Aggressive exploration beyond current Deposit to identify additional gold resources.

Key Valuation Catalysts

1. Kilgore Deposit exploration/expansion drilling (assays pending)

2. Successful resolution of ICL complaint. Judge maintained status of PoO

3. Prospective partner (JV) to help advance Oakley

4. Ongoing fieldwork at Oakley Project leading to drill program in 2020

APPENDIX 1: DETAILED SHARE STRUCTURE

29

Price per Financing Shares

Post IPO $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 Options $0.20 $10,000 50,000

December 2007 Private Placement $0.25 $550,000 2,200,000

Qualifying Transaction - Oakley Project Share Payments (100%) n/a 0 6,000,000

July 2008 Private Placement $0.50 $1,882,500 3,765,000

June 2009 Private Placement $0.25 $1,175,500 4,702,000

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 Options/Warrants $0.25 $115,483 461,931

October 2010 Private Placement $0.55 $2,744,500 4,990,000

Kilgore Project Acquisition - Cumulative Share Payments (100%) n/a $0 3,300,000

February 2011 Private Placement $0.70 $4,046,390 5,780,557

March 2012 Private Placement $0.20 $1,458,500 7,292,500

October 2013 Private Placement $0.05 $315,000 6,300,000

April 2014 Private Placement $0.07 $400,200 5,717,143

June 2015 Private Placement $0.05 $650,000 13,000,000

July 2015 Private Placement $0.05 $1,410,000 28,200,000

November 2015 Private Placement $0.12 $500,000 4,166,667

July 2016 Private Placement $0.17 $2,298,860 13,522,706

Exercise of Options (average) $0.15 $85,389 569,259

Exercise of Warrants (April 2014 PP) $0.15 $857,571 5,717,143

December 2016 Private Placement $0.27 $800,000 2,962,963

Exercise of Options $0.18 $18,000 100,000

Agnico Eagle Mines Limited Private Placement $0.35 $5,047,000 14,420,000

Exercise of Options $0.05 $37,500 750,000

Blue Hill Creek Property - Payment $0.30 $112,100 380,000

Exercise of Options (average) $0.06 $105,000 1,750,000

Exercise of Options $0.15 $45,750 305,000

Exercise of Warrants (June 2015 PP) $0.15 $1,950,000 13,000,000

Exercise of Options - Sep $0.15 $68,250 455,000

Exercise of Options - Oct $0.15 $42,750 285,000

September 2019 Private Placement $0.10 $1,326,350 13,263,500

Issued and Outstanding $32,589,493 175,093,907

Options (price based on average strike price) $0.12 $1,472,500 12,375,000

Warrants $0.15 $994,763 6,631,750

Shares Fully Diluted $35,056,756 194,100,657

Head OfficeSuite 580 – 625 Howe Street

Vancouver, BC, V6C 2T6Canada

Exploration Office

PO Box 312, 127 West Main St. Dubois, Idaho, 83423

USA

www.otisgold.com

For more information, please contact:

Craig Lindsay, President & CEO – craig@otisgold.com

Tony Perri, Corp. Dev./Investor Relations – tony@otisgold.com

Office: 604-683-2507