Golden Odyssey Mining Inc.
TSX VENTURE : GOE

Golden Odyssey Mining Inc.

November 17, 2005 19:25 ET

Golden Odyssey Mining Inc. Announces Increase of Land Holding at its Anchor Project

CALGARY, ALBERTA--(CCNMatthews - Nov. 17, 2005) -

(Not for dissemination in the United States of America)

MAPPING AND ROCK CHIP SAMPLING PROGRAM COMPLETED AT PALMETTO PROPERTY

Golden Odyssey Mining Inc. ("the Company") (TSX VENTURE:GOE) is pleased to announce the expansion of its land holding at the Anchor Project on the Battle Mountain/Eureka Trend. An additional 33 unpatented mining claims have been acquired through location to cover extensions of a previously identified drill target. This brings the total land package to 56 unpatented mining claims or 1,120 acres. All of the new claims are within the area of interest defined in the option agreement with the underlying owners and are, therefore, considered part of that agreement.

As originally reported on October 14, 2005, the Company has continued to work on the Camp Zone at its Palmetto Property in Esmeralda County, Nevada. The Company has completed a detailed mapping and rock chip sampling program on this target. This work is part of a program to identify high angle "feeders" which are believed to be the source of the alteration and mineralization identified earlier. Analytical results are expected in the near future. This data is currently being incorporated into the project database and when completed the company expects to immediately initiate a drilling program.

ABOUT GOLDEN ODYSSEY

The Company, through a wholly-owned subsidiary, is engaged in mineral exploration in the State of Nevada. The Company has four active projects at this time. Two projects, Palmetto and Morningstar, are located on the Walker Lane Belt in Esmeralda County. In addition the Company recently reached agreements for the Anchor project on the Battle Mountain/Eureka Trend and the Mexican Hill project on the Carlin Trend.

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, market acceptance of principal products, the impact of competitive products and technologies, the possibility of products infringing patents and other intellectual property of fourth parties, and costs of product development. 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 financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Golden Odyssey Mining Inc.

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

Contact Information

  • Golden Odyssey Mining Inc.
    Andrew J. Kaplan
    (732) 747-0702
    or
    Golden Odyssey Mining Inc.
    David Shaddrick
    (775) 787-8400
    Website: www.GoldenOdysseyMining.com