Golden Odyssey Mining Inc.
TSX VENTURE : GOE

Golden Odyssey Mining Inc.

June 29, 2005 17:56 ET

Golden Odyssey Mining Inc. Releases April 30, 2005 Financial Statements

CALGARY, ALBERTA--(CCNMatthews - June 29, 2005) - Golden Odyssey Mining Inc. (TSX VENTURE: GOE) ("Golden Odyssey") released today its unaudited financial statements for its third quarter ended April 30, 2005. Highlights for the quarter include the finalization of plans for the Company's initial drilling program on the Palmetto property and completion of a geologic mapping program on the Morningstar property.



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Overview of Income Nine Months Ended Period Ended
Statement Information April 30, 2005 July 31, 2004
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Summary of Income
Statement Information
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Income for Period NIL NIL
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Expenses for Period $ 479,754 $ 145,669
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Net Income (Loss) for Period $ (479,754) $ (145,669)
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Shares issued (Basic and Diluted) 10,861,247 7,383,333
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Basic and Diluted Income (Loss)
per share (0.04) (0.02)
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Nine Months Ended Period Ended
Summary of Cash Flow Information April 30, 2005 July 31, 2004
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Cash from Issuing shares,
net of share issue costs $ 835,393 $ 329,050
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Increase (decrease) in Cash $ 312,453 $ 142,139
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Summary of Balance Sheet Information April 30, 2005 July 31, 2004
Assets
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Cash in Trust $ Nil $ 125,503
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Bank Deposits $ 454,592 $ 16,636
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Liabilities
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Accounts Payable $ 6,129 $ 27,915
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Shareholders Equity $ 666,180 $ 183,381
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Summary Financial Information for All Quarters Since Incorporation


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Basic and
Income (loss) for diluted income
the quarter (loss) per share
------------------------------------------------------------------------
July 31, 2004 $ (145,669) (0.02)
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October 31, 2004 (amended) $ (172,648) (0.02)
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January 31, 2005 (98,728) (0.01)
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April 30, 2005 (208,378) (0.01)
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The Golden Odyssey's April 30, 2005 financial statements may be viewed on SEDAR at www.sedar.com.

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

Contact Information

  • Golden Odyssey Mining Inc.
    David R. Shaddrick
    President
    (775) 787-8400