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

Golden Odyssey Mining Inc.

December 12, 2008 17:11 ET

Golden Odyssey Revises Flow-Through Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 12, 2008) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Golden Odyssey Mining Inc. ("Golden Odyssey" or the "Corporation") (TSX VENTURE:GOE) (PINK SHEETS:GODYF) announces that it has revised its previously announced flow-through private placement (the "FT Private Placement"). The Corporation intends to issue up to 5,000,000 common shares issued on a "flow-through" basis under the Income Tax Act (Canada) at a price of $0.05 per share. Proceeds from the private placement will be used to fund exploration and development programs.

The FT Private Placement is subject to the approval of the TSX Venture Exchange Inc.

Forward Looking Information

Certain information regarding the Corporation set forth in this press release, including the use of proceeds, and management's assessment of the Corporation's future plans and operations contain forward looking information that involve substantial known and unknown risks and uncertainties. The forward looking information is subject to numerous risks and uncertainties, some of which are beyond the Corporation's and management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, imperfection of reserve estimates, environmental risks, industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. The Corporation's actual results, performance or achievement could differ materially from those expressed in or implied by, the forward looking information and accordingly, no assurance can be given that any of the events anticipated to occur or transpire form the forward looking information will provide any benefits to the Corporation.

The TSX Venture Exchange Inc. has neither approved or disapproved the contents of this press release.

Contact Information

  • Barry Kaplan Associates
    Andrew Kaplan
    Investor/Press Contact
    (732) 747-0702
    (732) 758-1837 (FAX)
    Email: smallkap@aol.com
    or
    Golden Odyssey Mining, Inc.
    Tyrone Docherty
    President
    (604) 952-7221
    Email: tyrone.doccap@dccnet.com