======================================================================
Re: News Release - Thursday, October 04, 2007
Golden Odyssey Reports Drilling Progress On Two Key Properties
======================================================================

RENO, Nevada - Golden Odyssey Mining Inc. ("Golden Odyssey" or the
"Company") is pleased to announce that drilling is progressing on two
key properties: the White Rock Property in Elko County, Nevada, where
the Company is working to verify an historic, non 43-101 compliant
resource of approximately 100,000 ounces of contained gold and the
Washiki Property in Pershing County, Nevada, where the Company has
identified a high-grade gold system as reported in previous press
releases.

At White Rock, the Company's first phase of Diamond drilling is
ongoing. This program will test the validity and accuracy of data
derived from reverse circulation rotary ("RCR") drilling performed by a
prior operator in the 1980's and will provide geologic information
unavailable from RCR drilling. Golden Odyssey's first hole in this
program (WRC-13) was drilled at minus sixty degrees and completed to a
depth of 243 feet to twin an historic RCR hole. The core from the hole
has been logged, split and submitted for assay to ALS Chemex. The
drill rig is currently being moved to a second drill location where the
Company will twin another historic RCR hole. Drilling on the second
hole will commence later this week. Assay results from the initial
hole may be available by the end of October.

Mitch Casteel, CPG, is supervising the Golden Odyssey Mining Inc.'s
program at White Rock. Mr. Casteel is a Qualified Person ("QP") as
defined by NI 43-101. All analytical work will be done by ALS Chemex.

At Washiki, a four-hole program totaling approximately 1,625 feet of
RCR drilling was completed October 2, 2007. This drilling is the first
phase of a planned nine hole drilling program based on the results of
the Company's rock chip and soil sampling. The program will test the
hanging wall and down-dip extension of a high grade vein target. The
drill samples have been submitted for analysis to ALS Chemex.

Richard J. Kehmeier, CPG, is supervising Golden Odyssey Mining Inc.'s
program at Washiki. Mr. Kehmeier is a Qualified Person ("QP") as
defined by NI 43-101. All analytical work will be done by ALS Chemex.

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. 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. Also in northern Nevada, 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. 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.

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.

======================================================================
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
Message sent on Thu Oct 4, 2007 at 10:56:28 AM Pacific Time
======================================================================
.