Golden Odyssey Issues Common Shares as Payment for Debt

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Golden Odyssey Mining Inc. ("Golden Odyssey" or the "Corporation") (TSX
VENTURE:GOE) (PINK SHEETS:GODYF) announces that it has issued 1,508,260 common
shares of the Corporation (the "Common Shares") for payment of debt at a deemed
price of $0.05 per share. The Corporation issued, in aggregate, 1,310,000 Common
Shares to directors of Golden Odyssey as payment of services from January 1,
2008 to September 30, 2008; 108,260 Common Shares to a director for payment of
debt; and 90,000 Common Shares to a consultant as payment for services.


Forward Looking Information

Certain information regarding the Corporation set forth in this press release,
including the use of proceeds, and management's assessment of the Corporation's
future plans and operations contain forward looking information that involve
substantial known and unknown risks and uncertainties. The forward looking
information is subject to numerous risks and uncertainties, some of which are
beyond the Corporation's and management's control, including but not limited to,
the impact of general economic conditions, industry conditions, fluctuation of
commodity prices, fluctuation of foreign exchange rates, imperfection of reserve
estimates, environmental risks, industry competition, availability of qualified
personnel and management, stock market volatility, timely and cost effective
access to sufficient capital from internal and external sources. The
Corporation's actual results, performance or achievement could differ materially
from those expressed in or implied by, the forward looking information and
accordingly, no assurance can be given that any of the events anticipated to
occur or transpire form the forward looking information will provide any
benefits to the Corporation.