Odyssey Resources Limited (ODX.H)

[Ed Monton]

Odyssey adds Coates to board; Forster, Matysek resign

2004-11-16 19:15 ET - News Release


Mr. Avrom Howard reports

ODYSSEY APPOINTS NEW DIRECTOR

Odyssey Resources Ltd. has appointed Stephen Coates to the company's board of directors. Mr. Coates is president of Grove Communications Inc., a market communications company providing corporate communications and stakeholder relations services to publicly traded companies, including Odyssey Resources. Mr. Coates will continue managing the company's communications program and will assist management with business development activities. His wealth of experience in communications and within the financial markets make him a welcome addition to the company's board.

Odyssey also reports the departure of Doug Forster and Paul Matysek, the company's two Vancouver-based directors, and takes this opportunity to thank them for their services to the company. The board of directors wishes to acknowledge the efforts and contributions of these two gentlemen during their term and looks forward to maintaining a strong, informal relationship with both men in an advisory capacity for the Vancouver market.

Additionally, as referred to above, Grove Communications Inc. has recently assumed the company's investor relations program from National IR (as reported in Stockwatch on April 8, 2004), replacing Jonathan Buick, who has elected to pursue another career.

In other news, drilling continues at the company's Tavsan epithermal gold property in Turkey. Results will be reported as they are obtained.

WARNING: The company relies upon litigation protection for "forward-looking" statements.





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