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Friday, 03/05/2004 3:34:21 PM

Friday, March 05, 2004 3:34:21 PM

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Odyssey Continues Drilling at Altintepe

TORONTO, ONTARIO--Avrom E. Howard, MSc, FGA, PGeo, President and
CEO of Odyssey Resources Limited (ODX: TSXV) reports that a total
of 5 additional drill holes have now been completed at the
Karakis Ridge target. Following hole ATD-10, with 20 meters
grading 2.2 grams per tonne gold, (see Oct. 28, 2003 Release)
Odyssey's Turkish exploration team has learned a great deal about
the structural and stratigraphic controls on mineralization.

It seems apparent that the mineralized feeder fault discovered in
ATD-10 gives way to a much larger volume of stratigraphically
controlled mineralization with increasing elevation, a feature
typical in the shallow high sulfidation setting. At Karakis,
higher mercury and arsenic values and inversely lower gold values
indicate the top and/or distal edges of the gold-mineralized
interval. Consequently, drilling at Karakis will now focus upon
the stratigraphic interval situated between 600-700 meters above
sea level, along the flanks of Karakis Ridge.

A total or four holes have concentrated at lower elevations at
the southeast end of the ridge, including that where gold was
first discovered. Hole ATD-12, drilled at an angle below the
mineralized structure intercepted in holes ATD-10 and ATD-11,
drilled beneath the base of the structure into rocks carrying low
gold; all three holes were drilled from a collar elevation of
approximately 590 meters above sea level. ATD-18, collared 50
meters northwest of ATD-11 and drilled beneath the structure, as
well.

Two new holes have been completed at the top and toward the
northwestern end of Karakis Ridge, at an elevation of 750 meters
above sea level. These holes, ATD-14 and ATD15, along with the
earlier ATD-8 intersected oxidized, altered and mineralized
rockshosting low gold grades. ATD-8 was vertical, while ATD-14
and ATD-15 were declined to the northeast and to the southwest
respectively.

Hole ATD-13, located at the far northwestern end of Karakis Ridge
over 1,000 meters northwest of the discovery hole, was collared
at an elevation of 700 meters above sea level. It intersected two
broad intervals of oxidized, altered and mineralized rocks;
mineralization appears to be stratigraphically, versus
structurally controlled, and is characterized by the moderate
development of vuggy silica, anomalous trace elements and
sub-economic gold.

In addition to continued drilling at Karakis Ridge and recently
initiated drilling at Seyliktepe Ridge, the drill program will
test targets along the known 2G-Camliktepe deposit trend
(existing 155,000 ounce resource), and deep targets underneath
the known Extension Ridge deposit (existing resource of 85,600
ounces).

A quality control program consisting of randomly inserted
duplicate and standard check samples will continue to ensure
accurate and reliable results in this program. Samples are being
analyzed by ISO9002 certified ALS Chemex in Vancouver, Canada,
with sample preparation completed by ALS's laboratory in Turkey.
Additionally, drill permits have been confirmed and drilling is
anticipated to commence. 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 this project.

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.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Odyssey Resources Limited
John Buckle
Vice President for Marketing and Investor Relations
(416) 362-6955
jebuckle@odysseyresources.com
www.odysseyresources.com



Ed


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