ODYSSEY GOLD LTD — Capital/Financing Update 2021

Sep 22, 2021

ASX ANNOUNCEMENT

23 September 2021

ACQUISITION OF TUCKANARRA TENEMENTS

Odyssey Gold Limited (ASX: ODY) (“Odyssey” or “Company”) is pleased to advise that the Company has entered into a tenement sale agreement to acquire two complementary and prospective landholdings contiguous with the Tuckanarra Project (“ Acquisition ”).

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• E20/925 (2.83km[2] ), includes an extension of the ‘Triple Point’ greenstone belt which terminates on the Company’s recently applied for E20/996 tenement. The new tenement contains anomalous near surface drilling results along a shear zone, between two greenstone units that run through the centre of the tenement. Historical near surface gold intercepts include 1m @ 7.9g/t , 2m @ 3.9g/t , 3m @ 2.1g/t , 2m @ 2.4g/t and 6m @ 1.6g/t, incl. 3m @ 2.4g/t Au .

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• E20/924 (3.05km[2] ), north of the Anchor target, contains a number of prospective greenstone units and banded iron formations (“BIF”) with shallow historical workings, with limited exploration work and historical mapping in the area. Historical shallow air core and rotary air blast drilling have intercepted 2m @ 15.8g/t Au, and rock chip sampling of the BIF units has returned up to 5.6g/t Au.

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Key terms and consideration for the tenements include:

• A$50,000 cash and 100,000 fully paid ordinary shares of Odyssey, subject to a 6-month voluntary escrow period.

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Figure 1. Location of new tenements.

For further information, please contact:

Matt Syme Executive Director

Tel: +61 8 9322 6322

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Figure 2. E20/925 drill hole intercept locations.

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Figure 3. E20/924 drill hole intercept and rock chip sample locations.

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Tenement Sale Agreement

The Company has entered into a binding tenement sale agreement (“ Agreement ”) with Mr Thomas Peter Sanders (“ Vendor ”) through the Company’s 100% wholly owned subsidiary, Odyssey Gold (WA) Pty Ltd (“ OGWA ”), to acquire 100% of two granted exploration licenses (E20/925 and E20/924).

The acquisition is subject to OGWA paying the relevant consideration under the Agreement, comprising a cash payment of A$50,000 and 100,000 fully paid ordinary shares of Odyssey, with such shares being subject to a 6-month voluntary escrow period.

The Agreement includes standard representations and warranties.

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APPENDIX 1 - DRILL INTERCEPT TABLE

Hole ID	Area	North	East	Type	RL (m)	Dip **(o) **	Az **(o) **				Au (g/t)
								EOH	From	Length
								Depth	(m)	(m)
94RPH2532	E20/925	6998348	622078	RAB	460	-60	180	19	13	1	1.66
94RPH2533	E20/925	6998358	622080	RAB	460	-60	180	19	9	1	3.26
94RPH2535	E20/925	6998378	622083	RAB	460	-60	180	19	8	1	2.52
94RPH2536	E20/925	6998388	622085	RAB	460	-60	180	19	15	2	2.40
94RPH2538	E20/925	6998408	622088	RAB	460	-60	180	19 incl	10 13	6 3	1.59 2.40
94RPH2539	E20/925	6998417	622089	RAB	460	-60	180	22 and	14 19	1 2	1.27 3.90
94RPH2555	E20/925	6998512	621943	RAB	460	-60	180	20	3	1	1.39
94RPH2556	E20/925	6998522	621944	RAB	460	-60	180	20	4	2	1.65
94RPH2559	E20/925	6998551	621949	RAB	460	-60	180	20	16	1	2.19
94RPH2582	E20/925	6998440	622012	RAB	460	-60	180	40	4	4	1.74
94RPH2585	E20/925	6998499	622022	RAB	460	-60	180	40	12	4	1.19
ALR1	E20/925	6998415	622100	AC	460	-60	180	57	41	4	1.67
ALR2	E20/925	6998432	622105	AC	460	-60	180	45 and	19 41	1 1	1.38 7.92
ALRA5	E20/925	6998373	622094	AC	460	-60	180	21	7	3	2.10
LWT910-5	E20/924	7005094	608605	RAB	460	-60	65	30	3	2	15.8
LWT895-5	E20/924	7004953	608585	RAB	460	-60	65	45	15	1.1	1.00
LWT890-4	E20/924	7004900	608607	RAB	460	-60	65	28	5	1	1.00
Rock chips
802840	E20/924	7004816	608580								5.60
802385	E20/924	7005117	608636								2.40

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APPENDIX 2 - JORC CODE, 2012 EDITION – TABLE 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code explanation	Commentary
Sampling techniques	Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.	The sampling has been carried out on Aircore (AC), Rotary Air Blast (RAB) drilling and rock chip samples. Records for most of the data are historical in nature and are documented in historical reports and government records (available on WAMEX) with key reports reviewed by the Competent Person. The location and tenor of historical drill records cannot be absolutely verified until key drill holes have been reviewed and collars located on the ground. It is uncertain as to how much key exploration information will be re-verifiable past the current exploration reports. The historical data reported in the current announcement has been collected from original company reports and data which were submitted to DMIRS and available on the WAMEX website. A search of WAMEX reports located drilling Year Company Type Holes Metres 1993 Newcrest RAB 47 1633 2003 St Barbara RAB 82 2157 2003 St Barbara AC 7 141 Records for newly acquired historical data have been compiled from reports obtained on the WAMEX website and checked against either reported laboratory lab results or compiled logs, with cross-checks against historical sections. The exploration data is considered suitable for current reporting purposes and exploration targeting, however further work would be required to verify the data suitable for inclusion in potential future project reviews of resource estimations.
	Include reference to measures taken to ensure sample representation and the appropriate calibration of any measurement tools or systems used.	The collar locations of the Newcrest and St Barbara (STB) drill holes were surveyed on a local grid. Sampling was carried out under the company protocols and QAQC procedures which are understood to have been industry standard practice at the time.
	Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.	The Newcrest RAB hole samples were collected at 1m intervals through a rig mounted riffle splitter. RAB samples were composited by scoop at 4 metre intervals. Samples were assayed by Aqua regia digest with AAS finish at Genalysis Laboratories in Perth. Details of the STB drilling from the WAMEX reports is lacking in details of the methods of sampling or assaying of AC and RAB drill samples

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Criteria	JORC Code explanation	Commentary
Drilling techniques	Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc).	AC and RAB drilling have been undertaken across the project by various companies over the last 40 years.
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed.	Sample recovery records for historical drilling are absent.
	Measures taken to maximise sample recovery and ensure representative nature of the samples.	Not recorded for historical drilling.
	Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	No relationship between recovery and grade has been identified to date.
Logging	Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.	Records available indicate that logging completed by geologists, formerly employed by various companies working on the Project, is at a level sufficient to generate maps, plans and sections found in company reports.
	Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.	Logging of AC and RAB chips records lithology, mineralogy, mineralisation, weathering, colour and other features of the samples.
	The total length and percentage of the relevant intersections logged	All holes were logged in full.
Sub- sampling techniques and sample preparation	If core, whether cut or sawn and whether quarter, half or all core taken.	N/A
	If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.	Not recorded for historical drilling.
	For all sample types, the nature, quality and appropriateness of the sample preparation technique.	Newcrest RAB samples were sent to the Genalysis Laboratory, Perth for analysis by Aqua Regia digest/AAS finish. All holes in the Newcrest RAB program were sampled at 4m intervals with intersections over 0.20 g/t Au being resampled at one- metre intervals. The WAMEX reports for the STB drilling do not detail the sampling or assay methods.

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Criteria	JORC Code explanation	Commentary
	Quality control procedures adopted for all sub- sampling stages to maximise representation of samples.	No detailed records of assaying QAQC are available and it is not possible to comment absolutely on the quality of assaying work undertaken. The work carried out by previous workers used reputable assay laboratories and it is reasonable to assume that the assay results stated in the exploration reports are indicative of mineralisation styles in the area.
	Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.	Not recorded for historical drilling.
	Whether sample sizes are appropriate to the grain size of the material being sampled.	Not recorded for historical drilling.
Quality of assay data and laboratory tests	The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.	Newcrest RAB samples were sent to the Genalysis Laboratory, Perth for analysis by Aqua Regia digest/AAS finish. All holes in the Newcrest RAB program were sampled at 4m intervals with intersections over 0.20 g/t Au being resampled at one- metre intervals. The techniques are appropriate for the material and style of mineralisation. Not known for STB historical drilling.
	For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.	The author is not aware of any geophysical tools used in this program.
	Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.	The QA/QC protocols were not recorded.
Verification of sampling and assaying	The verification of significant intersections by either independent or alternative company personnel.	Significant assay results have been cross-checked to original company reports available on the WAMEX website. No material errors have been identified to date. At the prospect scale the quality of data is currently considered acceptable for exploration purposes. Further investigation and validation will be undertaken as work programs progress.
	The use of twinned holes.	There have been no recent twin holes drilled at the Project.
	Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.	The author is unaware of how the AC and RAB data was captured in the field, but it is noted that original logs are included in multiple previous historical exploration reports – these logs are handwritten onto pre-formed sheets.
	Discuss any adjustment to assay data.	No assay data was adjusted.
Location of data points	Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.	Hole collar locations were surveyed by a registered Surveyor on a local grid. It is unknown what group managed the survey function.

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Criteria	JORC Code explanation	Commentary
	Specification of the grid system used.	The project currently uses the MGA94, Zone 50 grid system. Previous workers also used AMG Zone 50.
	Quality and adequacy of topographic control.	The site topographic surveys including the pit surveys match well with the drill hole collars. Detailed aerial photography over the region has aided on locating drillhole collars.
Data spacing and distribution	Data spacing for reporting of Exploration Results.	The data density is sufficient to test the style of mineralisation at the Project with respect to exploration targeting. Data spacing range from 100’s meters to sub 20m.
	Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.	Further work is required at the Project to test for extension of mineralisation potential and verification of historical collars. Some drilling is on a spacing which is sufficient to test the grade continuity of mineralisation for this style of mineralisation. The current data set is considered potentially appropriate for use in a future Mineral Resource estimation providing further drilling is completed.
	Whether sample compositing has been applied.	Newcrest RAB samples at 4m intervals with intersections over 0.20 g/t Au being resampled at one meter intervals
Orientation of data in relation to geological structure	Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.	It is considered the orientation of the bulk of the drilling and sampling suitably captures the dominant “structure” of the style of mineralisation at Tuckanarra.
	If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	This is not currently considered material. The bulk of the intercepts appear to be orthogonal to the mineralisation +/- 25 degrees unless otherwise stated in the intercepts table. Further work will be undertaken to analyse this in the future as exploration worksprogress.
Sample security	The measures taken to ensure sample security.	Unknown for historical data.
Audits or reviews	The results of any audits or reviews of sampling techniques and data.	Sampling and assaying techniques are considered to have been of industry-standard at the time. No specific audits or reviews have been reviewed as part of this review.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	Commentary
Mineral tenement and land tenure status	Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.	The 2 tenements being acquired are Exploration Licences E20/924 and E20/925. The licences are currently in the name of Thomas Peter Sander and will be transferred into the name of Odyssey Gold Limited once the transaction has been completed.
	The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	The tenements are understood to be in good standing with the WA DMIRS.
Exploration done by other parties	Acknowledgment and appraisal of exploration by other parties.	Refer to the body of the report.
Geology	Deposit type, geological setting and style of mineralisation.	The Project area is located within the Meekatharra-Wydgee Greenstone belt within the north-eastern Murchison Domain. The majority of greenstones within the Meekatharra-Wydgee belt have been stratigraphically placed within the Polelle Group and the Norie Group of the Murchison Supergroup. The Project area covers Archean basement rocks assigned to the 2815-2805 Ma basal Norie group of the Murchison Supergroup, which covers the eastern margin of the Meekatharra-Wydgee greenstone belt. The Norie group comprises a thick succession of pillowed and massive tholeiitic basalts of the Muroulli Basalt, and conformably overlying and mafic schist and felsic volcanoclastics with interbedded BIF and felsic volcanic rocks of the Yaloginda Formation (Van Kranendonk et al,2013). These rocks are folded around the

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Criteria	JORC Code explanation	Commentary
		south- plunging Besley Anticline. Adjacent to these rocks are the mafic sequences of the Meekatharra Formation (Polelle Group). Granitoids in the Project area comprise of the Jungar Suite and Annean Supersuite to the east and the Munarra Monzogranite of the Tuckanarra Suite to the west. The Jungar Suite comprises of foliated to strongly sheared K-feldspar-porphyritic monzogranites. These rocks are characterized by strong shear fabrics that suggest they may have been emplaced during, or just before, shearing. The Annean Supersuite includes hornblende tonalite and monzogranitic rocks. The Tuckanarra Suite consists of strongly foliated and locally magmatically layered granodiorite to monzogranitic rocks. The Project is situated within the ‘Meekatharra structural zone’, a major regional, NE-trending shear dominated zone, about 50 to 60km wide, stretching from Meekatharra through the Cue region as far south as Mount Magnet. This major shear zone is dominated by north and northeast-trending folds and shears (e.g. Kohinoor shear). The Mt Magnet fault is the major east- bounding structure of the Meekatharra structural zone. The mineralised zones of the Tuckanarra Gold Project are located in the Tuckanarra greenstone belt comprising a series of mafic and inter-banded mafic and iron formations, with a variable component of clastic sediments, (greywackes and minor shales). The sequence is folded into a south‐westerly plunging anticline with a well-developed axial plane cleavage and numerous fractures, bedding parallel faults and shears. The belt extends northwards to Stakewell and east towards the Reedys mining centre. The area has four large open pits, extensive minor gold workings, and prospecting pits principally associated with mafic lithologies and Altered Ferruginous Transitional (AFT) and Altered Ferruginous Fresh (AFF) material which were originally banded iron formations. The magnetite content within the AFT/AFF’s has been destroyed and predominantly altered to an assemblage of hematite with the relic structure of the banded iron intact. Where mineralised veins intersect major competency contrasts such as high magnesium basalt or AFT/AFF, veining becomes layer parallel resulting in larger deposits such as the Bollard and Cable deposits. A number of styles of gold mineralisation have been identified in the area including: Mineralised Altered Ferruginous Transitional (AFT) and Altered Ferruginous Fresh (AFF) material ± quartz veining (Cable East, Cable Central); Quartz veins ± altered basalts (Cable West, Lucknow, Maybelle, Maybelle North, Miners’ Dream); Gold mineralisation within laterite (Anchor, Bollard, Drogue). Below the base of complete oxidation (approximately 40m) gold mineralisation is commonly seen associated with quartz‐ pyrrhotite veins and pyrrhotite replacement of the host rocks. Prospective models for the discovery of additional gold deposits in the area are related to the intersection of shear zones with prospective lithologies.

Criteria	JORC Code explanation	Commentary
		south- plunging Besley Anticline. Adjacent to these rocks are the mafic sequences of the Meekatharra Formation (Polelle Group). Granitoids in the Project area comprise of the Jungar Suite and Annean Supersuite to the east and the Munarra Monzogranite of the Tuckanarra Suite to the west. The Jungar Suite comprises of foliated to strongly sheared K-feldspar-porphyritic monzogranites. These rocks are characterized by strong shear fabrics that suggest they may have been emplaced during, or just before, shearing. The Annean Supersuite includes hornblende tonalite and monzogranitic rocks. The Tuckanarra Suite consists of strongly foliated and locally magmatically layered granodiorite to monzogranitic rocks. The Project is situated within the ‘Meekatharra structural zone’, a major regional, NE-trending shear dominated zone, about 50 to 60km wide, stretching from Meekatharra through the Cue region as far south as Mount Magnet. This major shear zone is dominated by north and northeast-trending folds and shears (e.g. Kohinoor shear). The Mt Magnet fault is the major east- bounding structure of the Meekatharra structural zone. The mineralised zones of the Tuckanarra Gold Project are located in the Tuckanarra greenstone belt comprising a series of mafic and inter-banded mafic and iron formations, with a variable component of clastic sediments, (greywackes and minor shales). The sequence is folded into a south‐westerly plunging anticline with a well-developed axial plane cleavage and numerous fractures, bedding parallel faults and shears. The belt extends northwards to Stakewell and east towards the Reedys mining centre. The area has four large open pits, extensive minor gold workings, and prospecting pits principally associated with mafic lithologies and Altered Ferruginous Transitional (AFT) and Altered Ferruginous Fresh (AFF) material which were originally banded iron formations. The magnetite content within the AFT/AFF’s has been destroyed and predominantly altered to an assemblage of hematite with the relic structure of the banded iron intact. Where mineralised veins intersect major competency contrasts such as high magnesium basalt or AFT/AFF, veining becomes layer parallel resulting in larger deposits such as the Bollard and Cable deposits. A number of styles of gold mineralisation have been identified in the area including: Mineralised Altered Ferruginous Transitional (AFT) and Altered Ferruginous Fresh (AFF) material ± quartz veining (Cable East, Cable Central); Quartz veins ± altered basalts (Cable West, Lucknow, Maybelle, Maybelle North, Miners’ Dream); Gold mineralisation within laterite (Anchor, Bollard, Drogue). Below the base of complete oxidation (approximately 40m) gold mineralisation is commonly seen associated with quartz‐ pyrrhotite veins and pyrrhotite replacement of the host rocks. Prospective models for the discovery of additional gold deposits in the area are related to the intersection of shear zones with prospective lithologies.

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Criteria	JORC Code explanation	Commentary
Drill hole Information	A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: ▪ easting and northing of the drill hole collar ▪ elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar ▪ dip and azimuth of the hole ▪ down hole length and interception depth ▪ hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.	Refer to Appendix 1 for the significant intersections of the Project. Material drill results have been included in the body of the report, which is considered appropriate for a brownfields exploration project of this type. The company is still in the process of compiling exploration information over the project areas and intends to provide additional updates in the future on a project basis.
Data aggregation methods	In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.	Due to the vast amounts of drilling, significant intercepts are reported as down-hole length-weighted averages of grades above approximately 1 g/t Au and above a nominal length of 1m. No top cuts have been applied to the reporting of the assay results.
	Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.	Higher grade intervals are included in the reported grade intervals; and have also been split out on a case-by-case basis where relevant.
	The assumptions used for any reporting of metal equivalent values should be clearly stated.	No metal equivalent values are used.
Relationship between mineralisation widths and intercept lengths	These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’).	The bulk of the exploration drilling was conducted so that results would be close to orthogonal to the mineralisation as understood at the time; however, the true relationship to the mineralisation is not accurately determined.
Diagrams	Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.	Refer to Figures in the body of this announcement and Appendix 2 – Table 1.
Balanced reporting	Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	Balanced reporting has been used. The exploration results should be considered indicative of mineralisation styles in the region. Exploration results stated indicated highlights of the drilling and are not meant to represent prospect scale mineralisation. As the projects are brownfields exploration targets, and there are large numbers of holes drilled over the region, it is considered appropriate to illustrate mineralised and non-mineralised drill holes by the use of diagrams, with reference to the table of significant intercepts.
Other substantive exploration data	Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk	No other meaningful data is required to be presented other than what has been presented in the body of this announcement.

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Criteria JORC Code explanation Commentary samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. Further work The nature and scale of planned further work (eg Work planned to develop the targeting profile for the project in tests for lateral extensions or depth extensions the near future may include SAM geophysics or ground or large-scale step-out drilling). magnetics, an updated 3D structural targeting model of the region, confirmation of the drill database through on-ground Diagrams clearly highlighting the areas of work and referral to company reports, re- interpretation of soils possible extensions, including the main data including potential infill lines; and a target ranking exercise geological interpretations and future drilling over the area. areas, provided this information is not commercially sensitive.

Additional work in the future will also focus on validating the current drillhole and soils database and QAQC information through validation checks to original company reports, resampling of historical core (if obtainable), identification of collars in the field and twinning of key drillholes.

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COMPETENT PERSONS STATEMENT

The information in this announcement that relates to Exploration Results is based on, and fairly represents, information compiled or reviewed by Steve Le Brun, who is a Competent Person. Mr Le Brun is a Fellow of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geologists and is a full-time employee of Odyssey and is a holder of shares in Odyssey Gold Limited. Mr. Le Brun has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken, to qualify as a Competent Persons as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code). Mr. Le Brun consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears.

FORWARD LOOKING STATEMENTS

Statements regarding plans with respect to Odyssey’s project are forward-looking statements. There can be no assurance that the Company’s plans for development of its projects will proceed as currently expected. These forward-looking statements are based on the Company’s expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of the Company, which could cause actual results to differ materially from such statements. The Company makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.

This ASX Announcement has been approved in accordance with the Company’s published continuous disclosure policy and authorised for release by the Executive Director.

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