Otish Energy Appoints Iqbal Boga as CFO and Director

VANCOUVER, Canada, February 17, 2011 – Otish Energy Inc. (the “Company”)(TSXV: OEI) is pleased to announce Mr. Iqbal Boga has joined the Company as CFO and Director. Mr Boga is a Chartered Accountant. He is currently the CFO, Secretary and a director of Taku Gold Corp. (TSX-V TAK), a mineral exploration company listed on the TSX Venture Exchange. Mr. Boga was a sole practitioner with I. J. Boga, Chartered Accountant from 1993 to August 2007. He has acted as a director, Chief Financial Officer and Corporate Secretary for various Exchange-listed companies. Mr. Boga was an officer and director of four capital pool companies, all of which have completed Qualifying Transactions. Mr. Boga holds a Bachelor of Science (Hons) in Chemistry from the University of London, England and a Bachelor of Commerce (Hons) from the University of Windsor, Canada.

The Company announces the resignation of Mr. Chris Hobbs as CFO and Director of the company, effective February 14, 2011. The board of directors wishes to thank Mr. Hobbs for his contributions to the company and wishes him well in his future endeavors.

On Behalf of the Board of Otish Energy Inc.

“Steve Smith”

President