Montréal, Canada; OTSAL Mining LTD. (the “Company” or “OTSAL”) announces that it has been advised that Veit Goldberg, President and CEO of the Company, has acquired shares of OTSAL in the public market. Following the acquisition of 1,929,000 common shares of OTSAL, Mr. Goldberg holds an aggregate of 87,066,167 common shares representing 15.98% of the issued and outstanding shares of the Company. Mr. Goldberg would hold 102,266,167 common shares, which represents 18.26% on a partially diluted basis assuming the exercise of his 15,200,000 stock options. Mr. Goldberg acquired these securities for investment purposes and may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant. An early warning report will be filed by Mr. Goldberg in accordance with applicable securities laws.
ON BEHALF OF THE BOARD
“Veit Goldberg”
Veit Goldberg, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
