Odyssey Petroleum Corp. (TSX VENTURE:ODE)(FRANKFURT:YQN) reports that it has completed the J. Cox 18-10 #1 well in Pelahatchie field in a Rodessa Formation zone at 10,140 feet, with swab test at rates up to twelve barrels of oil per hour with little formation water. Based on three days of well tests, management expects to pump the well at approximately 100 barrels of oil per day. A conventional pumping unit is being readied for the well, with estimated installation expected within two weeks.

Drilled to 11,500 feet subsurface, the J. Cox 18-10 #1 well encountered numerous potential productive zones, beginning at the Tuscaloosa depositions at 7,000 feet subsurface through the multiple Hosston formations at approximately 11,000 feet subsurface (see News Release dated April 21, 2008). The J. Cox 18-10 #1 well is located approximately 1/4 mile south of previous production, significantly increasing known productive limits in the field. New clues from shows in the multiple stacked pay zones are being studied and evaluated for their developmental potential with more offset drilling.

Management is pleased with the development wells it has drilled in Pelahatchie field. The J. Cox 18-10 #1 is the fourth successful of four wells drilled in the field in the past nine months. All of the wells have found multiple productive zones.

In a further update of operations, ODE reports that the Harold Karges 18-7 #1 well, situated approximately 1,200 feet north of the J. Cox 8-10 #1, has been readied for production with a pumping unit, started up yesterday, and today is pumping at the rate of 115 barrels of oil and 5 barrels of water per day. The Harold Karges 18-7 #1 well is producing from a zone at 10,800 feet subsurface. Both wells are yielding high gravity sweet crude, which markets for a premium price.

Under the terms of an agreement between Odyssey and TransAmerican Energy Inc. ("TAE") and agreements with other working interest participants, TAE certain other participants paid 100% of the cost of drilling the Harold Karges 18-7 #1 well and the J. Cox 18-10 #1 well to acquire a combined 50% working interest and (36% net revenue interest), while Odyssey agreed to complete the new wells for production and serve as operator.

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.

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.

SOURCE: Odyssey Petroleum Corp.

Odyssey Petroleum Corp. Whitney Pansano C.O.O. and President (604) 718-2800 (604) 718-2808 (FAX) Email: pubco@odysseyexplorations.com Website: www.odysseypetroleum.com