Odyssey Petroleum Corp.

Odyssey Petroleum Corp.

November 19, 2009 17:36 ET

Cease Trade Order Issued Against Odyssey Petroleum

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2009) - Odyssey Petroleum Corp. (TSX VENTURE:ODE)(FRANKFURT:YQN) (the "Company" or "ODE") announces that the B.C. Securities Commission issued a Cease Trade Order against the Company on November 18, 2009 for ODE's failure to SEDAR file annual oil and gas forms as prescribed by National Instrument 51-101 Standard of Disclosure for Oil and Gas Activities ("NI 51-101") for the year ended December 31, 2008 within the time required. The TSX Venture Exchange subsequently suspended trading in the Company's securities as a result of the Cease Trade Order.

The Company is in receipt of an Evaluation Report prepared by Fletcher Lewis Engineering Ltd., and is in the process of finalizing the required oil and gas forms as prescribed by NI 51-101 for SEDAR filing, which it anticipates completing within the next week. Once the CTO has been revoked, the Company will immediately apply to the TSX Venture Exchange for reinstatement for trading.

About Odyssey Petroleum Corp.  Odyssey Petroleum Corp. is a Canadian based junior oil and gas company traded publicly under the symbol ODE on the TSX-V Exchange. The Company's mission is the discovery and development of economic oil and gas through the exploration of high quality projects located primarily in the Southeastern United States. Odyssey Petroleum Corp.'s website is www.odysseypetroleum.com.


"Whitney Pansano"

Whitney Pansano, President & COO

Forward-Looking Statements:
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in ODE's periodic filings with Canadian and European Securities Regulators. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. ODE does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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