GOE Goldeneye Resources Corp

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Golden Odyssey Mining Inc. ("Golden Odyssey" or the "Corporation") (TSX
VENTURE:GOE) (PINK SHEETS:GODYF) is pleased to announce that it intends to
complete a flow-through private placement (the "FT Private Placement") of up to
10,000,000 common shares issued on a "flow-through" basis under the Income Tax
Act (Canada) at a price of $0.10 per share.


The Corporation also announces that it has revised its previously announced
private placement (the "Private Placement") of up to 2,000,000 common shares
(the "Common Shares") to a unit offering. The Private Placement will consist of
up to 3,000,000 units of the Corporation (the "Units") at a price of $0.07 per
Unit for gross proceeds of up to $210,000. Each Unit shall consist of one Common
Share and one-half of one share purchase warrant (the "Warrant"), with each full
Warrant entitling the holder thereof to purchase one Common Share at an exercise
price of $0.12 for a period of 6 months from the date of issuance.


The Corporation may pay a commission to certain introducing parties in respect
of the FT Private Placement and Private Placement, subject to compliance with
applicable securities legislation and TSX Venture policies. The FT Private
Placement and Private Placement are subject to the approval of the TSX Venture
Exchange Inc.


Golden Odyssey further announces that, pending regulatory approval, it will
issue, 25,000 Common Shares to a director of Golden Odyssey as payment of
services from January 1 2008 to September 30 2008 and an additional 54,130
Common Shares to a director for payment of debt at a deemed price of $0.10 per
share.


Forward Looking Information

Certain information regarding the Corporation set forth in this press release,
including the use of proceeds, and management's assessment of the Corporation's
future plans and operations contain forward looking information that involve
substantial known and unknown risks and uncertainties. The forward looking
information is subject to numerous risks and uncertainties, some of which are
beyond the Corporation's and management's control, including but not limited to,
the impact of general economic conditions, industry conditions, fluctuation of
commodity prices, fluctuation of foreign exchange rates, imperfection of reserve
estimates, environmental risks, industry competition, availability of qualified
personnel and management, stock market volatility, timely and cost effective
access to sufficient capital from internal and external sources. The
Corporation's actual results, performance or achievement could differ materially
from those expressed in or implied by, the forward looking information and
accordingly, no assurance can be given that any of the events anticipated to
occur or transpire form the forward looking information will provide any
benefits to the Corporation.

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