ODYSSEY GOLD LTD — Capital/Financing Update 2016

Nov 16, 2016

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ASX ANNOUNCEMENT

17 November 2016

ENTITLEMENTS ISSUE UPDATE

Odyssey Energy Limited (“ Odyssey ” or “ Company ”) advises that it will defer the previously announced pro rata non-renounceable entitlements issue (“ Entitlements Issue ”) until Q1 2017. The deferral will allow the Company to dispatch the offer documents after the Christmas and New Year holiday period, thus providing Shareholders with the best opportunity to consider the offer, and subsequently allow the Company to place any shortfall.

The Board of Odyssey expects that when completed, the Entitlements Issue will assist the Company in attracting new business opportunities in the oil and gas and other sectors as well as funding activity on, and expanding, its existing project base.

For enquiries, please contact:

Clint McGhie | Company Secretary Tel: +61 8 9322 6322

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