Odyssey Petroleum Corp.
TSX VENTURE : ODE
FRANKFURT : YQN

Odyssey Petroleum Corp.

April 21, 2008 12:47 ET

Odyssey Completes 4th New Well Pelahatchie Field

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 21, 2008) - Odyssey Petroleum Corp. (TSX VENTURE:ODE)(FRANKFURT:YQN) reports that the J. Cox 18-10 #1 well has been successfully drilled to 11,500 ft. and logged in Pelahatchie field. Evaluation logs ran by Baker Hughes indicated numerous oil sands, primarily in the cretaceous age formations from 9000 ft. subsurface to total depth of 11,500 ft. According to the Company's geologist, the logs indicate 132 ft. of probable pay in 16 zones from 10,590 ft. subsurface to 11,500 ft. Numerous additional zones above 10,590 ft. are indicated as probably being productive, however evaluations are not finalized at present. Indicated productive zones are in the Paluxy, Rodessa, and Hosston formations - all formations which have been historically productive in the field.

Completion personnel have set production casing to total depth and cemented in the same. The drilling rig will be rigged down and moved, location restored, and the well prepared for production. Odyssey has recently drilled four successful wells in the field, where the Company controls over 4,000 gross mineral acres.

About Odyssey Petroleum Corp.

Odyssey Petroleum Corp. is a Canadian based junior oil and gas company traded publicly under the symbol ODE on the TSX-V Exchange. The Company's mission is the discovery and development of economic oil and gas through the exploration of high quality projects located primarily in the Southeastern United States. Odyssey Petroleum Corp.'s website is www.odysseypetroleum.com. For investor information, call (604) 718-2800 or fax (604) 718-2808.

ON BEHALF OF THE BOARD

Whitney Pansano, C.O.O. and President

Forward-Looking Statements:

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in ODE's periodic filings with Canadian and European Securities Regulators. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. ODE does not assume the obligation to update any forward-looking statement.

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

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