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Message: Golden Odyssey Issues Common Shares as Payment for Debt
| January 30, 2009 |
| Golden Odyssey Issues Common Shares as Payment for Debt |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 30, 2009) - NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA Golden Odyssey Mining Inc. ("Golden Odyssey" or the "Corporation") (TSX VENTURE:GOE) (PINK SHEETS:GODYF) announces that it has issued 1,508,260 common shares of the Corporation (the "Common Shares") for payment of debt at a deemed price of $0.05 per share. The Corporation issued, in aggregate, 1,310,000 Common Shares to directors of Golden Odyssey as payment of services from January 1, 2008 to September 30, 2008; 108,260 Common Shares to a director for payment of debt; and 90,000 Common Shares to a consultant as payment for services. 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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