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Golden Odyssey Announces Positive Results for the First Twin Hole
at Its White Rock Project, Elko County, Nevada
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PR No. 23-07

Overall Grades of Gold May be Higher than Previous Amax Data Indicated

RENO, Nevada -- Golden Odyssey Mining Inc. ("Golden Odyssey" or the
"Company") is pleased to announce initial assay results for core drill
hole WRC-13. WRC-13 was drilled at -45o on a bearing of N60E to a depth
of 243 feet. The purpose of the hole was to twin hole RR-41, an
existing reverse circulation rotary ("RCR") hole, to verify the
reported historical results of a previous operator (Amax Gold). The
results show a strong correlation between Golden Odyssey's core hole
and the existing RCR hole. The grades of the Golden Odyssey core hole
from 32 feet to 143 feet are approximately 22% higher than those from
the twinned RCR hole, indicating potential may exist to upgrade the
existing resource. A summary of the assay results for WRC-13 and a
comparison of the two holes are presented in the tables below:



WRC-13: Sample Interval in ft. Grade
>From --To Thickness g/t
32-143 111 0.736
Includes
(32-51) 19 1.087
(82.6-114.8) 32.2 0.866
189.5-208 18.5 0.904

White Rock is an advanced project with four known mineralized zones
defined by Amax Gold in the 1980s. The Central Zone, where the first
twin hole was drilled, has an historic, non NI 43-101 compliant
resource of approximately 100,000 ounces of gold at an average grade of
approximately 0.5 g/t at a cut-off of 0.1 g/t. The Company has not yet
verified this work, and therefore investors are cautioned that this
historic figure should not be relied upon. The company's initial
program is designed to provide verification of the historic data
through twinning of several of the Amax RCR holes and to provide both
infill and offset data within the known mineralized zones.

In detail there are some significant differences between assay results
which likely reflect the better definition of discrete higher grade
zones provided by core drilling compared with RCR, which tends to give
a broader interval due to smearing of values downhole and the use of 5
foot sample intervals throughout. From 8 feet to 230 feet gold in the
core hole is approximately 5% higher than in the RCR hole; this could
reflect natural variability in the mineralization but more likely
results from the fact the RCR hole smears out the higher grade
intervals and likely has some contamination from higher grade zones in
the upper part of the hole. A comparison of the assay results from
WRC-13 and RR-41 is shown below.

WRC-13 RR-41
>From --To Thickness Grade From --To Thickness Grade
(ft) (ft) (g/t) (ft) (ft) (g/t)
8.0-230 222 0.557 5-230 225 0.533
32-143 111 0.736 30-145 115 0.596

Although these results are based on data from only one twin hole, they
suggest that the grade of the historic resource (refer to PR16-07, July
16, 2007) may be understated. The current program when completed should
provide sufficient data to determine the validity of the historic data
and allow the Company to complete a NI 43-101 compliant resource
estimate.

Mitch Casteel, CPG, supervised the Company's work on the property. Mr.
Casteel is a Qualified Person (QP) as defined by NI 43-101. The data
was analyzed by Richard J Kehmeier, CPG. Mr. Kehmeier is a Qualified
Person (QP) as defined by NI 43-101. All analytical work for the
Company was done by ALS Chemex labs in Reno, Nevada. The drilling was
done by Axis Drilling Inc. of Belgrade, Montana.

Details of each of Golden Odyssey's projects can be found on the
Company's web site at www.GOmininginc.com and on SEDAR at
www.sedar.com.

About Golden Odyssey

The Company, through a wholly owned subsidiary, is engaged in the
acquisition and exploration of mineral properties in the State of
Nevada. Golden Odyssey now has eight active projects, most situated on
major gold trends. On the Walker Lane Belt in Esmeralda County, the
Company has the Golden Shirene, Morningstar and Palmetto projects. The
Walker Lane Belt is one of the most prospective areas of Nevada. This
highly mineralized trend has hosted some of the most important mining
districts in North America including the famous Comstock, Tonopah,
Goldfield, Bullfrog and Aurora districts. The region is currently being
explored by Kinross Gold/ Barrick Gold at the Round Mountain Mine,
Gryphon Gold at the Borealis Mine and Newcrest Mining at the Redlich
project. On the Cortez Trend in Eureka County, the Company holds the
Anchor and JDS projects, situated on trend with Barrick Gold
Corporation's East Archimedes mine and US Gold Corporation's Tonkin
Springs Mine. On the Carlin Trend in Elko County, the Company is
exploring the Mexican Hill project which is southeast of Newmont's Rain
and Emigrant Springs mines. Also in northeastern Nevada, the Company
holds the White Rock project where the Company is currently working to
verify historic, non 43-101 compliant reports of significant drilling
and gold mineralization. In north central Nevada, the Company holds the
Washiki Project along the southern end of the Getchell Trend, which
hosts such deposits as Twin Creeks, Getchell, Preble, Pinson, and
Goldbanks. In addition, the project is surrounded by a number of past
and present producing mines and several active development projects
including Sleeper, Coeur Rochester, Florida Canyon, Marigold and
Midway's Spring Valley deposit.

INVESTOR/PRESS CONTACT

Andrew J. Kaplan
Barry Kaplan Associates
(732) 747-0702 office
(732) 758-1837 fax
smallkap@aol.com

OR

Jeffrey R. Wilson
Golden Odyssey Mining Inc.
(604) 837-5440 cellular
(775) 787-8466 fax
jwilson@GOmininginc.com

CORPORATE CONTACT

David R. Shaddrick, President & CEO
Golden Odyssey Mining Inc.
(775) 787-8400 telephone
(775) 787-8466 fax
dshaddrick@gomininginc.com

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

Forward-looking Statements:

Except for historical information contained herein, this news release
contains forward-looking statements that involve risks and
uncertainties. Actual results may differ materially. Factors that might
cause a difference include, but are not limited to: changes in the
world wide price of mineral commodities, general market conditions,
risks inherent in mineral exploration, risks associated with
development, construction and mining operations, the uncertainty of
future profitability and the uncertainty of access to additional
capital. Golden Odyssey Mining Inc. will not update these
forward-looking statements to reflect events or circumstances after the
date hereof. More detailed information about potential factors that
could affect the financial results is included in documents filed from
time to time with Canadian securities regulatory authorities by Golden
Odyssey Mining Inc.

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Copyright (c) 2007 GOLDEN ODYSSEY MINING INC. (GOE) All rights
reserved. For more information visit our website at
http://www.gomininginc.com/ or send mailto:info@gomininginc.com
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