Odyssey Reports Drilling Update & Revenue Milestone
VANCOUVER, BRITISH COLUMBIA, Apr 16 (MARKET WIRE) --
Odyssey Petroleum Corp. (TSX VENTURE: ODE)(FRANKFURT: YQN) reports today
that March 2008 oil sales grossed over US$1,000,000 - a milestone for the
Company.

Drilling is progressing on our new well in Pelahatchie field. The well
has reached total depth of 10,700 feet this morning, with targeted depth
at 11,500 feet. The J. Cox 18-10 #1 well was spudded 10 days ago. Surface
casing was set at 3800 feet, and drilling with 7 7/8's bit has continued
to this depth. If progress continues as anticipated, the well should
reach total depth within the next few days and will be logged for
evaluation.

Odyssey further reports that the Karges 18-7 #1 well has had production
tubing delivered to the restored location this morning, and has a
completion rig scheduled to commence completion of the well by Monday,
April 21, while the recently drilled Max Gill well has had a pumping unit
installed, production equipment installed and will begin production this
week.

The additional production from the new wells in Pelahatchie is expected
to significantly increase production and revenues, with some of the oil
sales now yielding over $100 per barrel.

The Company will continue to update shareholders on progress next week.

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.

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.

ON BEHALF OF THE BOARD

Whitney Pansano, C.O.O. and President