Golden Odyssey to seek $500,000 financing

2009-06-17 16:06 ET - News Release

Mr. Tyrone Docherty reports

GOLDEN ODYSSEY TO OFFER NON BROKERED FINANCING

Golden Odyssey Mining Inc. intends to complete a non-brokered private placement for aggregate proceeds of up to $500,000 providing for the issuance of flow-through units under the Income Tax Act of Canada. The flow-through units are priced at 20 cents. The proceeds of this placement are to be used for exploration purposes on Dome South.

The corporation may pay a finder's fee to certain introducing parties in respect of the flow-through private placement units, subject to compliance with applicable securities legislation and TSX Venture Exchange policies. The flow-through private placement is subject to the approval of the TSX Venture Exchange.

Golden Odyssey further announces that Pamela Lynch, CMA, has been appointed chief financial officer and corporate secretary, effective immediately.

We seek Safe Harbor.