Also Otish Energy Inc (2) (C:OEI) News Release

Mr. Zachery Dingsdale reports

TAJIRI VENTURES TO OPTION GATEAU PROPERTY FROM OTISH ENERGYINC. FOR QUALIFYING TRANSACTION

Tajiri Ventures Corp. has entered into an option agreement dated Oct. 20, 2010, with Otish Energy Inc. to earn an 80-per-cent interest inOtish's Gateau property claims located in the Otish basin, Quebec, Canada. The transaction will constitute the Company's "qualifying transaction" as defined under Policy 2.4 of the TSX Venture Exchange (the "Exchange"). Following completion of the Qualifying Transaction, the Company will be a Tier 2 Mining Issuer involved in the mineral resources exploration and development business. Specific details are as follows:

Proposed Transaction

Under the terms of the Option Agreement, the Company has been granted the exclusive option (the "Option") to acquire an 80% undivided interest in 279 mineral claims comprising approximately 14,144.46 hectares located in the Otish Basin mining district in Quebec, Canada.

In order to exercise the Option, the Company must pay to Otish the sum of $500,000, incur a total of $1,000,000 in exploration expenditures on the Gateau Property and issue an aggregate of 5,250,000 common shares (the"Payment Shares") in its capital stock, over a period of four years as follows:

Exploration Shares Cash Commitments Upon regulatory approval 750,000 nil nil First Anniversary 1,000,000 $100,000 $200,000 Second Anniversary 1,000,000 $100,000 $200,000 Third Anniversary 1,000,000 $100,000 $300,000 Fourth Anniversary 1,500,000 $200,000 $300,000

The Payment Shares may be subject to such escrow requirements as may be imposed by the Exchange and all the Payment Shares will be subject to the four month hold period imposed by the Securities Act (British Columbia).

No finder's fee is payable with respect to the acquisition of the Gateau Property.

The Qualifying Transaction will not be considered to be at arm's length, as Zachery Dingsdale, the President, CEO and a director of theCompany, is a director and shareholder of Otish. In addition, Steve Smith, the President, CEO and a director of Otish, is a director and shareholder of the Company.

Description of the Gateau Property

The Gateau Property is located in the Otish sedimentary basin of ProterozoA c age, underlain by an older Archean basement. It is made up of subhorizontal strata that cover a NE/SW area of 120 km x 60 km.

Historically, intensive exploration started in the late sixties when the Otish sedimentary basin was identified as a potential setting for uranium deposits. Exploration programs were carried out fairly steadily between 1967 and 1985 by major players such as Uranerz Mining Exploration Ltd.,Seru Nucleaire (Cogema), SOQUEM, SDBJ, and many more.

In 2007, the property was acquired by Kakanda Resources Inc.("Kakanda") and an NI 43-101- compliant technical report was produced. In February 2008, Kakanda announced a name change to Otish. Otish completed adrilling program in 2008, with seven holes totalling 1,220 metres drilled along the Proterozoic/Archean discontinuity in the northeast part of Block C. A conductive zone consisting of pyrite, pyrrhotite and graphite mineralizationassociated with a cherty tuff within mafic volcanites was intersected.

The recommended exploration work has been divided into two phases. Phase 1 includes a helicopter-borne transient-EM, magnetic andradiometric survey. This survey would outline faults, geological formations and EM conductors, and would be followed by detailed geological compilation and target generation based on the airborne survey and geological compilation. The budget for the cost associated for Phase I is $284,625.

For Phase 2, 2,000 m of diamond drilling are suggested to test the most promising targets. The budget for the cost associated for both phases is $991,875.

Donald ThAcopyrightberge, Eng., M.B.A., one of the co-authors of the 43-101 report, is the Qualified Person as defined by National Instrument 43-101.

Terms of the Qualifying Transaction

The closing of the Option Agreement is subject to the following conditions precedent:

each Company completing its due diligence investigations ofthe other;

the Exchange waiving requirement for a sponsor;

the passing of resolutions by the majority of the minority shareholders of the Company approving the Qualifying Transaction;

receipt of written notice from the Exchange that the Exchange has accepted for filing all material amounting to the Company's Qualifying Transaction;

the Company raising at least $700,000, which funds will be used to pay the initial Option costs and proposed exploration work program on the Gateau Property; and

the reservation by the Company of 750,000 common shares for issuance pursuant to the grant of incentive stock options to new directors,officers and employees, exercisable for a period of two (2) years at a price of .15 per share.

3 Private Placement

In order to satisfy the financing condition of the Qualifying Transaction, the Company will undertake a non-brokered private placement totaling $700,000. These funds will be raised by the Company issuing up to7,000,000 subscription receipts (the "Subscription Receipts") at a price of .10 per Subscription Receipt.

Up to 6,750,000 of the Subscription Receipts will be automatically convertible, for no additional consideration, into non-flow-through units of the Company ("NFT Units") upon satisfaction of certain conditions relating to the Company's Qualifying Transaction. Each NFT Unit will consist of one non-flow-through common share and one share purchase warrantentitling the holder thereof to acquire one additional non-flow-through commonshare of the Company for a period of two years at a price of .15. The balance of the Subscription Receipts will be automatically convertible, for no additional consideration, into 250,000 flow-through common shares of the Company("FT Shares") upon satisfaction of certain conditions relating to the Company's Qualifying Transaction.

A finder's fee may be paid on a portion of the private placement, subject to Exchange policies. The concurrent financing will close at the time of and will be conditional upon the closing of the QualifyingTransaction.

The proceeds of the private placement will be used fund the initial acquisition costs and proposed work program on the Gateau Property, andfor general working capital purposes.

Change in Management

It is proposed that Albert (Rick) Timcke will be appointed tothe Company's board of directors and named President and CEO upon closing of the Qualifying Transaction and concurrent with the resignation of one existing boardmember.