Golden Odyssey Mining Inc.
Pink Sheets : GODYF

Golden Odyssey Mining Inc.

June 26, 2008 19:17 ET

Golden Odyssey Mining- Proposed Stock Consolidation

TORONTO, ONTARIO--(Marketwire - June 26, 2008) -


Golden Odyssey Mining Inc. (the "Corporation") (TSX VENTURE:GOE) (PINK SHEETS:GODYF) announces a proposal by the directors of the Corporation to possibly consolidate the issued and outstanding common shares on the basis of three old common shares for one new common share (the "Consolidation"). The Consolidation must be approved by the shareholders of the Corporation at the Annual Meeting to be held on July 10, 2008. Upon approval of the resolution, the directors of the Corporation will have 6 months to give effect to this resolution or to revoke this special resolution or any portion thereof at any time prior to the completion.

In addition, the policies of the Exchange require that a company change its name upon consolidating its issued and outstanding share capital. As a result, the directors of the Corporation are of the view the name of the Corporation should be changed to "New Odyssey Exploration Inc." Shareholders of the Corporation will therefore be asked at the Annual Meeting to be held on July 10, 2008 to consider and, if thought advisable to pass a resolution to change the name of the Corporation.

In addition, the Corporation has terminated its lease agreements on Palmetto, Morningstar and Washiki properties. All properties are located in Nevada.

Details of each of Golden Odyssey's projects can be found on the Company's web site at and on SEDAR at

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

Contact Information

  • Barry Kaplan Associates
    Andrew J. Kaplan
    Investor/Press Contact
    (732) 747-0702
    (732) 758-1837 (FAX)
    Golden Odyssey Mining Inc.
    Walter Henry, Lead Director
    Corporate Contact
    (416) 414-5825