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Thursday, 01/15/2004 10:13:22 AM

Thursday, January 15, 2004 10:13:22 AM

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JANUARY 15, 2004 - 09:40 ET

Odyssey Resources Limited: Turkey Exploration Update

TORONTO, ONTARIO--Avrom E. Howard, President and CEO of Odyssey
Resources Limited (ODX:TSXV), reports that work is progressing
well at its two advanced exploration gold projects in Turkey. At
the Tavsan sediment-hosted epithermal gold project located in
western Turkey, 3,000 linear metres (9,840 feet) of trenching has
been completed utilizing both mechanical and manual methods; a
further 7,000 meters (23,120 feet) of trenching remains in
progress. Samples are being taken continuously or at various
intervals, over lengths of a few to several meters, as
appropriate. A quality control program consisting of randomly
inserted duplicate and standard check samples will ensure
accurate and reliable results. Samples are being analyzed by
ISO9002 certified ALS Chemex in Vancouver, Canada, with sample
preparation completed by ALS's laboratory in Turkey.

The trenches are being mapped simultaneously, with an emphasis on
structure, alteration and geology, the three factors that appear
to be most important with respect to gold mineralization.
Concurrently, permit applications for drill sites already
selected on the basis of existing information are being filed in
order that drilling may begin as soon as applications are
approved. Additional drill site permit applications will be filed
based upon the conclusions reached from the current trenching

At Altintepe, Odyssey's advanced volcanic-hosted epithermal gold
project located on the Black Sea coast in northeastern Turkey,
two drill holes have been completed for a total of 460 meters
(1,509 feet). The holes were drilled 1,000 metres (3,300 feet)
apart through the Karakis gold zone at its southeast and
northwest ends, respectively. A third hole is currently underway
from the top of the ridge and 250 metres southeast of the
northwest end of the ridge, and is oriented so as to cut through
the entire zone from southwest to northeast at a higher elevation
and where the zone appears to be wider. This hole will be
followed by several more along the entire strike length of the
Karakis Ridge gold zone, a ridge that extends for more than 1,000
metres (3,300 feet) in length. Additionally, drill holes are
planned for the Seyliktepe target, a parallel zone to the
immediate northeast, as well as along the 2G-Camliktepe deposit
trend and at the Extension Ridge deposit, too. Gold and related
element analysis is being carried out by ALS Chemex (Canada), as
described above, with the same quality control program in place.

Odyssey President and CEO, Avrom E. Howard, MSc, FGA, PGeo, is
the Company's Qualified Person responsible for the preparation of
this news release and for the supervision of, and reporting on,
these projects.

Additional information, along with trench and drill core assay
results, will be released as they become available and the
projects progress.

The statements made in this Press Release may contain
forward-looking statements that may involve a number of risks and
uncertainties. Actual events or results could differ materially
from the Company's expectations and projections. The TSX Venture
Exchange has neither approved nor disapproved the information
contained in this press release.


John Buckle
Vice President for Marketing and Investor Relations


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