NEWS

WIRES

OTHER

Update on Newly Discovered Silver-Base Metal Mineralization Near the Ruby Mine

The O.T. Mining Corporation (OTC: OTMN) ("O.T.") is pleased to provide an update on the recently discovered silver-base metal mineralization in the Ruby gold-silver Mine Area.

The mineralization is in the southern portion of O.T.'s 21.3 square mile Ruby Property in the Butte district of Montana. Geochemical results were previously announced in a November 3, 2005 Press Release.

The mineralization was encountered in a 4.4-foot vein in core hole 05C-3. The vein contained over 2 ounces per ton silver, approximately 2% copper, and greater than 10% combined lead and zinc over 1.8 feet. Similar mineralization located at surface above the 05C-3 intercept is interpreted to be the same vein. Select samples from surface assayed over 21 ounces per ton silver and over 2.5% lead.

Drill hole 05C-3 tested coincident geological, geophysical and geochemical targets. These comprised a combined chargeability/resistivity high, defined by O.T.'s previously announced 2005 geophysical program, and a coincident silver, gold, zinc, lead and lesser copper Mobile Metal Ions ("MMI") anomaly delineated in 2002. Both geophysical and geochemical anomalies were interpreted within the context of a geological synthesis of available data that indicated possible mineral potential on the footwall side of the Ruby vein structure.

The new high-grade base metal vein appears to be distinct from both the Ruby and nearby Benich vein systems based on mineralogy and attitude. It lacks adularia, and is enriched in base metals relative to the historically mined Ruby Vein. The apparent north-northwest strike of the vein is nearly perpendicular to the strike of the nearby base metal-rich Benich Vein. Dr. Mark Fedikow, O.T.'s Vice President of Exploration stated, "We are at a very early stage of exploration, and are still learning about the silver-base metal portion of the Ruby Mine area.

"This newly discovered vein differs from the known veins in the area, and we view it as significant. Of particular importance to O.T.'s exploration program is the continued success in drill testing integrated geological, geophysical and geochemical (MMI) targets." In 2006, subsequent to further evaluation of geological, geophysical and geochemical survey data, additional drill holes are planned to assess this new base metal-silver discovery.

Disclaimer: This news release contains certain "Forward-Looking Statements." All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Distributed by Market Wire