ODYSSEY GOLD LTD — Capital/Financing Update 2021

Jul 1, 2021

ASX ANNOUNCEMENT 2 July 2021

SHARE PURCHASE PLAN WITHDRAWN

Odyssey Gold Limited (ASX:ODY) (“Odyssey” or “Company”) refers to the Share Purchase Plan ( SPP ) announced on 31 May 2021 and advises that the Directors of the Company have resolved to withdraw the SPP.

The Company's share price on ASX is currently trading below the SPP offer price of $0.125 per share, so shareholders who wish to increase their holding in the Company can acquire shares on market for less than the SPP offer price.

The Company recently completed a placement of 79.8 million shares to raise gross proceeds of $10 million, placing the Company in a strong position to accelerate the exploration and development of its very prospective Tuckanarra and Stakewell Gold Projects.

The Company will not be accepting further applications under the SPP and all SPP application monies received by the Company will be refunded to applicants in full, in accordance with the terms set out in the SPP prospectus.

A formal supplementary prospectus withdrawing the SPP offer will be lodged with ASIC and ASX.

This announcement has been approved by the Board of Directors of the Company.

For further information, please contact:

Matt Syme Executive Director Tel: +61 8 9322 6322