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:
info@otmining.com Web site: www.otmining.com
March
14,
2008
Dear
Shareholders and Interested Parties,
The O.T. is presently in discussions for financing
with both industry and private sources and hopes to complete the financing to
be
able to commit for the 2008 drill season. The geological team and crew are in place
and anxious to begin and the new permits have been assigned drill targets.
Management has just returned from a series of meetings
held with a number of project financiers during the recently held Prospectors
and Developers Association of Canada's Convention ("PDAC") in Toronto.
There was an extremely bullish outlook for both base
and precious metals at the PDAC. It
is apparent that continued strong economic growth and infrastructure development
in emerging countries such as China and India
and the need to upgrade and replace aging infrastructure in established
economies will continue to pressure metal supply for many years to come. The Metals Super Cycle has many years
to
run.
Our senior geologist in Montana, Dr. Fess Foster,
has just completed a 2008 update summary of the North Anomaly's porphyry
copper/molybdenum potential. Interestingly the PDAC's Sunday afternoon
symposium on outlook of supply and demand ratios for metals highlighted that
copper and molybdenum were highest on the list of requiring new mine
discoveries; molybdenum now entering its 7th year of deficit.
Dr. Foster's summary and the company's June 30, 2007
year end financial statements are posted on O.T.'s website: www.otmining.com; the former under
Properties, North Anomaly and the latter under Financials.
Should you have any questions, please contact the
undersigned at (514) 935-2445 or at info@otmining.com.
Sincerely yours,
James W.
Hess
James
W.
Hess
President
JWH/nf
Disclaimer: This
shareholder letter contains forward-looking statements regarding the Company,
within the meaning of Section 27A of the Securities Act and Section 21E of the
Exchange Act, including statements regarding the anticipated timing, process
and
scope of further exploration and drilling activities. These statements are based on
assumptions that the Company believes are reasonable but that are subject to
uncertainties and business risks.
Actual results relating to any and all of these subjects may differ
materially from those presented.
Factors that could cause results to differ materially include economic
and political events affecting supply of and demand for base and precious
metals, fluctuations in commodity prices, negative results of environmental or
technical studies, negative results of further exploration, drilling programs,
problems or delays in or objections to the permitting process, failure or delay
of third parties to provide services, changes in the attitude of state and local
officials toward the Ruby Project and other factors. Additional information is available at
the Company's website at www.otmining.com.
