Golden Odyssey Mining Inc.
TSX VENTURE : GOE
Pink Sheets : GODYF

Golden Odyssey Mining Inc.

October 25, 2007 19:32 ET

Golden Odyssey Mining Inc.: News Release

RENO, NEVADA--(Marketwire - Oct. 25, 2007) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Golden Odyssey Mining Inc. ("Golden Odyssey" or the "Company") (TSX VENTURE:GOE) (PINK SHEETS:GODYF) announces that its previously announced private placement (the "Private Placement") of up to 2,500,000 units at a price of $0.17 per unit for gross proceeds of $425,000.00 (the "Units") has been partially completed. The corporation has sold 1,837,482 Units and expects to close the balance of the Private Placement shortly. Each Unit consisted of one common share and one-half of one share purchase warrant (the "Warrants"), with each Warrant entitling the holder thereof to purchase one common share at a price of $0.22 per share for a period of one year.

Forward-looking Statements:

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference include, but are not limited to: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. Golden Odyssey Mining Inc. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect the financial results is included in documents filed from time to time with Canadian securities regulatory authorities by Golden Odyssey Mining Inc.

Shares Outstanding: 34,215,429

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Golden Odyssey Mining Inc.
    Jeffrey R. Wilson
    (604) 837-5440 cellular
    (775) 787-8466 (FAX)
    Email: jwilson@GOmininginc.com
    or
    Golden Odyssey Mining Inc.
    David R. Shaddrick
    President & CEO
    (775) 787-8400
    (775) 787-8466 (FAX)
    Email: dshaddrick@GOmininginc.com