Odyssey Corporate Update

    TORONTO, Jan. 8 /CNW/ - Odyssey Resources (ODX-TSX-V) ("Odyssey" or "the
Company") announced today that, effective immediately, Mr Donald Nicholson has
resigned as a Director of the Company. The Company would like to thank Don for
his time, effort and valuable contribution made during his tenure and wishes
him well in his future endeavors.

    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.

    Forward-Looking Statements:
    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: please refer to the Company's website
www.odysseyresources.com or contact: George Mihaleto, Chief Executive Officer,
Odyssey Resources Limited, Tel: (416) 362-6955, 50 Richmond Street East, Suite
101, Toronto, Ontario, M5C 1N7, OR Investor Relations, The Equicom Group,
(416) 815-0700, info@odysseyresources.com, www.odysseyresources.com

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