ODYSSEY GOLD LTD — Capital/Financing Update 2011

Jan 9, 2011

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ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE: 10 JANUARY 2011

DISPATCH OF DOCUMENTS FOR ENTITLEMENTS ISSUE

Odyssey Energy Limited confirms that the Prospectus and Entitlement and Acceptance Form in respect to the Company’s one for two non renounceable pro rata offer have been dispatched to shareholders.

EnquiriesMark Pearce Company Secretary Contact Details: Telephone: (61 8) 9322 6322 Facsimile: (61 8) 9322 6558

ABN: 73 116 151 636 Level 9, BGC Centre, 28 The Esplanade, Perth WA 6000 Tel: +61 8 9322 6322 Fax: +61 8 9322 6558