14.12.2007 17:48:00
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Golden Odyssey Mining Announces New Initiative by Board of Directors
Golden Odyssey Mining announced today the departure of David Shaddrick,
former President and CEO, and Lindsay Bottomer, former director, from
its Board of Directors. The Board of Directors has implemented a change
in direction in order to advance the Company’s
current projects as well as expand into additional areas.
Michael Berns has been named Executive Chairman on an interim basis. Mr.
Berns and the rest of the Board of Directors, all senior mining
exploration executives, have agreed to expand the focus of the Company
beyond the current projects.
Michael Berns stated, "Our Nevada based Gold
portfolio continues to hold promise. We are currently in discussions
with third parties to become our partners in order to advance these
projects. In addition, we are also aggressively seeking new mineral
prospect acquisitions to take advantage of additional opportunities in
North America.”
The Board of Directors is focused on building shareholder value by
rapidly advancing the Company’s current
projects and expanding the scope of its project portfolio.
Lou Nagy, Chief Financial Officer of Golden Odyssey, has been appointed
Secretary of the Company, a position which was previously vacant.
Details of each of Golden Odyssey’s projects
can be found on the Company’s web site at www.GOmininginc.com
and on SEDAR at www.sedar.com.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Forward-looking Statements:
Except for historical information contained herein, this news release
contains forward-looking statements that involve risks and
uncertainties. Actual results may differ materially. Factors that might
cause a difference include, but are not limited to: changes in the world
wide price of mineral commodities, general market conditions, risks
inherent in mineral exploration, risks associated with development,
construction and mining operations, the uncertainty of future
profitability and the uncertainty of access to additional capital.
Golden Odyssey Mining Inc. will not update these forward-looking
statements to reflect events or circumstances after the date hereof.
More detailed information about potential factors that could affect the
financial results is included in documents filed from time to time with
Canadian securities regulatory authorities by Golden Odyssey Mining Inc.
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