Golden Odyssey Mining Inc.
TSX VENTURE : GOE

Golden Odyssey Mining Inc.

March 15, 2005 08:30 ET

Property Position Expanded At Palmetto


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: GOLDEN ODYSSEY MINING

TSX VENTURE SYMBOL: GOE

MARCH 15, 2005 - 08:30 ET

Property Position Expanded At Palmetto

TORONTO--(CCNMatthews - Mar 15, 2005) -

GOLDEN ODYSSEY MINING INC. (Toronto Venture Exchange: GOE) announced
today that the Company has expanded the land holding on its Palmetto
Project through the location of 34 additional mineral claims. The new
claims extend the southwestern corner of the claim group to cover down
dip extensions of the Camp Zone target which will be the focus of a
6,000 foot reverse circulation drilling program in the spring of 2005.
An additional 1,200 feet of core drilling will be completed on the
Kentucky Mine target. The Palmetto property now consists of 12 patented
lode mining claims and 115 unpatented mining claims covering an area of
over 3 square miles. The Company has engaged Mitch Casteel, a registered
professional geologist (Utah) to supervise the work at Palmetto. Mr.
Casteel is a Qualified Person as defined by NI 43-101.

The Company has also begun the detailed mapping program on its
Morningstar project and expects to have the work completed by mid April.
This work will form the planning base for geophysical and geochemical
programs which will commence later this spring. The Company has engaged
Mr. Rich Loring, R.Geo. (Idaho) to carry out the work. Mr. Loring is a
Qualified Person as defined by NI 43-101.

Golden Odyssey Mining Inc. (TSX-V: GOE) is a junior resource company
actively exploring the goldfields of Nevada. The Company currently has a
portfolio of 5 properties at various stages of exploration/development
and is aggressively seeking to expand its holdings.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical fact relating to the Corporation,
certain information contained herein constitutes "forward-looking
statements" within the meaning of Section 21E of the United States
Securities Exchange Act of 1934, as amended. Forward-looking statements
are frequently characterized by words such as "plan," "expect,"
"project," "intend," "believe," "anticipate" and other similar words, or
statements that certain events or conditions "may" or "will" occur.
Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made, and are subject to a
variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected in
the forward-looking statements. These factors include the inherent risks
involved in the exploration and development of mineral properties, the
uncertainties involved in interpreting drilling results and other
geological data, fluctuating metal prices, the possibility of project
cost overruns or unanticipated costs and expenses, uncertainties
relating to the availability and costs of financing needed in the future
and other factors. Circumstances or management's estimates or opinions
could change. The reader is cautioned not to place undue reliance on
forward-looking statements.



ON BEHALF OF THE BOARD OF DIRECTORS

"David Shaddrick"
--------------------------------
David Shaddrick, CEO & President



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

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Barry Kaplan Associates
    Andrew J. Kaplan, 732-747-0702
    smallkap@aol.com
    732-758-1837 (FAX)
    or
    Golden Odyssey Mining Inc.
    David Shaddrick, 775-746-2071
    www.GoldenOdysseyMining.com
    732-758-1837 (FAX)