The O.T. Mining Corporation 4333 Ste-Catherine St. West, Suite 610, Montreal (QC), H3Z 1P9 Canada Tel: (514) 935-2445 Fax: (514) 935-8161 e-mail: [email protected] Web site: www.otmining.com Dear Shareholders and Interested Parties, Eighteen Month Progress Update As you may recall, The O.T. s mission, since inception, has been to explore for and identify a mineral resource of such potential economic consequence that it would be sought out by the major mining companies for acquisition. 2008 brought two of the top five major mining companies to O.T. Each signed a two year Confidentiality Agreement, visited the site and performed in depth due diligence on O.T. s exploration programs to date. Both companies have voiced high degrees of interest in the 14.5 square mile Ruby porphyry copper/molybdenum system. The present world economic conditions have stalled the process and O.T. has been advised to be patient. O.T., as it has every year, regardless of market and financing conditions, enhanced the knowledge and value of the project. All previous geophysical, geologic and geochemistry surveys completed since 1990 on the Ruby were revisited in detail and compared to our recent (post 2004) work. This resulted in an expansion (almost doubling) of the key target area. In addition, research was conducted that documented the similarities of Ruby to other known giant porphyry systems worldwide. The following comparison of O.T. s porphyry and the nearby Butte porphyry system will provide a clear picture of why the major mining companies knocked on O.T. s door. Note that there are only a handful of other great porphyry systems that have Main Stage Type Veins similar to those described below. These include Resolution Az., and Chiquicamata, Escondida, Rosario and El Salvador in Chile. The Ruby property is located 14 miles north north east of the Butte Mining District (Butte Camp), the second largest wealth creation mining district in the world. The major mining companies continually monitor activity in these areas world wide as the old adage of "Where do you find a new mine? Next to an old one!" has for the most part proven to be a scientific fact. Regardless of the present economic conditions, the major mining companies have to plan 25 years ahead to assure that they have economically producible proven reserves to meet the ever growing long term demand. The Butte Camp encompasses 27 square miles and is host to "The Richest Hill on Earth" (RHE), encompassed within 2.45 square miles. The RHE has produced almost $50 billion in metals since the 1860 s. Approximately 95% of this wealth was mined from the "Main Stage Veins" in the RHE. How does the O.T. s Ruby porphyry system compare to The Butte Camp? The two porphyries are very similar. They are the same age, hosted by the same magma body and occur along the same regional fault zone. Both contain potassic and phyllic alteration minerals. They are similarly shaped (elongate east-west) and are both very large systems. In fact, the ultimate size of the Ruby porphyry is still unknown because it remains open for expansion to the east, west, and at depth.
The OT Mining Corporation is Westmount-based company (Quebec, Canada) with a phone number 5149352445. Our data show that the company is located at the address: 4333 rue Sainte-Catherine O. The company has a web site: www.otmining.com.
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