Odyssey Petroleum Corp.: Effective Date Set for 20:1 Consolidation and Name Change

   Odyssey Petroleum Corp. (TSX VENTURE: ODE)(FRANKFURT: YQN) announces that the Effective Date for its name change to Petrichor Energy Inc. and the consolidation of its issued share capital on a twenty (20) old shares for one (1) new share basis will be March 3, 2011.

Accordingly, at market open on March 3, 2011, the Company's common shares will commence trading as Petrichor Energy Inc. under TSX-V trading symbol: PTP.

A Letter of Transmittal is being mailed to shareholders regarding the 20:1 consolidation.

ODYSSEY PETROLEUM CORP.

Joe DeVries, Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Odyssey Petroleum Corp. Joe DeVries Chief Executive Officer [phone] [phone] (FAX) www.odysseypetroleum.com