TORONTO, November 15 /CNW/ - Golden Odyssey Mining Inc. ("Golden Odyssey"
or the "Company") is pleased to announce it has engaged Mr. Walter Henry as
Director and Chief Operating Officer effective November 15, 2007. Based in
Toronto, Mr. Henry's appointment represents a further strengthening of the
management team of Golden Odyssey Mining as he brings to the Corporation
invaluable experience regarding international transactions. Mr. Walter Henry,
a Chartered Financial Analyst, has extensive experience in the areas of:
International Project Financing; Capital Markets Financing; Commercial Bank
Financing; Financial Reporting, Controls and Taxation Matters; Treasury and
Financial Risk Management; and Public Corporation Investor Relations.
Mr. Henry is presently Vice-President, Finance and Chief Financial
Officer Royal Nickel Corp. and Chief Financial Officer of Juno Special
Situations Corp. Mr. Henry had previously held the position of Vice President,
Finance and Chief Financial Officer of Tiberon Minerals Ltd. until its recent
acquisition by a private equity fund. Before joining Tiberon, Mr. Henry was a
Manager with CIBC World Markets. Prior to that appointment, he was Assistant
Vice President, Mining and Infrastructure, with the Financial Advisory
Services Group of PricewaterhouseCoopers Securities Inc. (PwCS). Mr. Henry
holds the CFA designation and has over 15 years of experience in project
finance and corporate finance lending in a wide spectrum of industries, with
an emphasis on resource sector financings. Mr. Henry will be engaged by Golden
Odyssey Mining on a non-exclusive basis. Based in Toronto, Walter Henry will
lead all financial and investor relations functions for the Company.
Mr. Michael Berns, Chairman of Golden Odyssey Mining commented, "Mr.
Walter Henry is an extremely well-qualified and respected candidate who brings
to Golden Odyssey an invaluable amount of corporate experience and knowledge.
We are extremely delighted with this recent development and feel that the
appointment of Walter Henry represents a significant step forward in the
advancement of our Company.
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.
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. 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. 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. Also 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
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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 Director & COO or Investors: Barry Kaplan Associates Andrew J.
Kaplan, 732-747-0702 Fax: 732-758-1837 firstname.lastname@example.org