ODYSSEY GOLD LTD — Capital/Financing Update 2021

Jul 4, 2021

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ODYSSEY GOLD LIMITED ACN 116 151 636

SUPPLEMENTARY PROSPECTUS

1 Important Information

This is a supplementary prospectus ( Supplementary Prospectus ) intended to be read with the prospectus dated 7 June 2021 ( Prospectus ) issued by Odyssey Gold Limited ACN 116 151 636 (the Company ).

This Supplementary Prospectus is dated 2 July 2021 and was lodged with ASIC on that date. Neither ASIC nor ASX take any responsibility as to the contents of this Supplementary Prospectus.

This Supplementary Prospectus should be read together with the Prospectus. Other than the changes set out in this Supplementary Prospectus, all other details in relation to the Prospectus remain unchanged. To the extent of any inconsistency between this Supplementary Prospectus and the Prospectus, the provisions of this Supplementary Prospectus will prevail. Unless otherwise indicated, terms defined and used in the Prospectus have the same meaning in this Supplementary Prospectus.

The Company has issued both a printed and electronic version of this Supplementary Prospectus and the Prospectus. Electronic versions of both may be accessed at www.odysseygold.com.au.

This Supplementary Prospectus and the Prospectus are important documents that should be read in their entirety. If you are in any doubt as to the contents of this Supplementary Prospectus or the Prospectus, you should consult your stockbroker, lawyer, accountant or other professional adviser without delay.

2 Supplementary Prospectus

2.1

Purpose

The Company has decided to withdraw the Prospectus and the SPP Offer and to refund all Application Monies received from Applicants who applied for Shares under the SPP Offer.

2.2 Expiry of Prospectus

To effect the withdrawal of the SPP Offer, the Company has brought forward the expiry date of the Prospectus to the date of this Supplementary Prospectus, such date being 2 July 2021. No Securities have been issued prior to this date on the basis of the Prospectus, and the Company will not issue any Securities on the basis of the Prospectus.

2.3 Refund of Application Monies

All Application Monies received by the Company will be refunded to applicants as soon as practicable (and indicatively, EFT transfers processed and any cheques posted by 9 July 2021). No action needs to be taken by Applicants who have already applied for Shares under the Prospectus before the date of this Supplementary Prospectus to request a refund. The

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Company will refund Application Monies by way of EFT to the relevant Applicant’s bank account (where provided to the Company) or otherwise by cheque to the Applicant's address.

3 Consents

The Company confirms that as at the date of this Supplementary Prospectus, each of the parties that have been named as having consented to being named in the Prospectus have not withdrawn that consent.

4 Directors’ authorisation

This Supplementary Prospectus is issued by the Company and its issue has been authorised by a resolution of the Directors.

In accordance with section 720 of the Corporations Act, each Director has consented to the lodgement of this Supplementary Prospectus with ASIC and has not withdrawn that consent.

This Supplementary Prospectus is signed for and on behalf of the Company by:

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Matthew Syme Executive Director Dated: 2 July 2021

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