VANCOUVER, BRITISH COLUMBIA (FRANKFURT: YQN) reports today that drilling is progressing well on new developmental wells in Pelahatchie Field. The J. Cox 18-10 #1 well, situated approximately 807 ft. south of the Harold Karges 18-7 well, has spudded, drilled surface hole to 3800 ft., and has set and cemented 9 5/8th surface casing pipe. Drilling will resume today to a projected depth of 11,500 feet. The Company will continue to provide updates as drilling progresses.

The Company successfully set production pipe to a total depth of 11,500 ft. on the recently drilled Harold Karges 18-7 #1 well. The surface location is now being restored in advance of moving the completion rig on the Harold Karges 18-7. As announced previously, (press release dated April 1, 2008) the Harold Karges 18-7 encountered multiple gas and/or oil zones with more than 200 ft. of cumulative pay.

Odyssey acquired the Pelahatchie Field in recent years through mergers and direct acquisition. The Company first reworked and refurbished the existing eight wells in the field, substantially improving production, while updating facilities and infrastructure. The Company has now embarked upon a developmental drilling program, presently drilling the fourth well in recent months. Odyssey controls approximately 4,000 gross acres of mineral leases over the known structure of the field, and currently operates twelve oil wells and one disposal well in the field.

About Pelahatchie Field:

Pelahatchie Field, Rankin County, Mississippi was discovered in 1962 by an American company with production from the Mooringsport sand at 9,800 feet. Early gravity and seismic work led to the exploration drilling in the area. Production was eventually established in Pelahatchie field from 14 additional Lower Cretaceous zones to 11,300 ft., and in the deep Norphlet formation at 17,000 ft., additionally, historical tests have been conducted in the Smackover, and the Buckner Haynesville formations at rates of over 6 million cubic feet of gas per day and 2 million cubic feet of gas per day respectively. Credible oil and gas shows have been obtained in approximately 50 different zones on the structure, many of which have not been tested yet. Almost all formations that have been tested have made productive wells at some place on the structure.

About Odyssey Petroleum Corp.

Odyssey Petroleum Corp. is a Canadian based junior oil and gas company traded publicly under the symbol ODE on the TSX-V Exchange. The Company's mission is the discovery and development of economic oil and gas through the exploration of high quality projects located primarily in the Southeastern United States. Odyssey Petroleum Corp.'s website is www.odysseypetroleum.com. For investor information, call (604) 718-2800 or fax (604) 718-2808.

Forward-Looking Statements:

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in ODE's periodic filings with Canadian and European Securities Regulators. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. ODE does not assume the obligation to update any forward-looking statement.

ON BEHALF OF THE BOARD

Whitney Pansano, C.O.O. and President

The TSX Venture Exchange does not accept responsibility for theadequacy or accuracy of this release.

Contacts: Odyssey Petroleum Corp. Whitney Pansano C.O.O. and President (604) 718-2800 (604) 718-2808 (FAX) Email: pubco@odysseyexplorations.com Website: www.odysseypetroleum.com

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