TORONTO, June 20 /CNW/ - Odyssey Resources (ODX-TSX-V) ("Odyssey" or "the
Company") announced today that, as approved at the Company's Annual and
Special Meeting of Shareholders (the "Meeting") held on June 13, 2007, it has
appointed two new directors: George Mihaleto and Don Nicholson. Mssrs. Avrom
E. Howard, Jonathan Goodman, Stephen Coates, Mohamed Mekouar, and David Shaw
have all been re-elected to the Board of Directors.
Mr. Mihaleto has served as a consultant to various commodity-related
enterprises and junior resource companies until his appointment as President
and Chief Executive Officer of Odyssey in February 2007 and now to the Board.
Mr. Nicholson joins the Board as an independent director. Mr. Nicholson has
served as Executive Chairman, Pan Pacific Aggregates plc since 2004 and as a
management consultant to various companies since 1990.
The Company also announced that shareholders approved the Company's
option plan at the Meeting. The plan authorizes the Company to issue 1,500,000
share options at an exercise price of $0.12 per share, based on the closing
price of Odyssey shares on June 12, 2007.
About Odyssey Resources
Odyssey Resources Limited is a Canadian-based junior mining company
dedicated to becoming Morocco's preeminent metal mining company. Odyssey is
developing the Alous copper-silver deposit in the heart of a large and
under-explored copper-silver belt in Morocco, a country that hosts several
world class mineral deposits. The Company is simultaneously pursuing
additional opportunities across the country spanning several metal commodities
including gold, silver, copper, lead, zinc and uranium.
Odyssey Resources Limited's 86.8 million shares trade on the TSX Venture
Exchange under the symbol "ODX". As of the date of this release, shares of
Odyssey Resources Limited have been trading at a 52 week high and low of
$0.245 and $0.105, respectively. For more information, please refer to the
Company's website www.odysseyresources.com
The statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties. Actual events
or results could differ materially from the Company's expectations and
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
For further information:
For further information: George Mihaleto, Chief Executive Officer OR
Avrom E. Howard, MSc, FGA, PGeo (Ontario), VP Exploration and designated
Qualified Person, Odyssey Resources Limited, Tel: (416) 362-6955, or
905-480-9106, 90 Allstate Parkway, Suite 603, Markham, Ontario, L3R 6H3;
Investor Relations - Andreas Curkovic, The Equicom Group, (416) 815-0700 x262,