Golden Odyssey Mining Announces New Initiative by Board of Directors



    RENO, NEV., December 14 /CNW/ - Golden Odyssey Mining announced today the
departure of David Shaddrick, former President and CEO, and Lindsay Bottomer,
former director, from its Board of Directors. The Board of Directors has
implemented a change in direction in order to advance the Company's current
projects as well as expand into additional areas.

    Michael Berns has been named Executive Chairman on an interim basis. Mr.
Berns and the rest of the Board of Directors, all senior mining exploration
executives, have agreed to expand the focus of the Company beyond the current
projects.

    Michael Berns stated, "Our Nevada based gold portfolio continues to hold
promise. We are currently in discussions with third parties to become our
partners in order to advance these projects. In addition, we are also
aggressively seeking new mineral prospect acquisitions to take advantage of
additional opportunities in North America."

    The Board of Directors is focused on building shareholder value by
rapidly advancing the Company's current projects and expanding the scope of
its project portfolio.

    Lou Nagy, Chief Financial Officer of Golden Odyssey, has been appointed
Secretary of the Company, a position which was previously vacant.

    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.

    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.




For further information:

For further information: Golden Odyssey Mining Inc. Walter Henry,
416-414-5825 Lead Director or Investor/Press: Barry Kaplan Associates Andrew
J. Kaplan, 732-747-0702 Fax: 732-758-1837 smallkap@aol.com

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GOLDEN ODYSSEY MINING

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