Odyssey Gold Limited announced progress results from the Highway Zone at the Company's Tuckanarra JV Project. Odyssey's Tuckanarra Project is part of the prolific Murchison Goldfields. The Murchison Goldfields are host to a +35Moz gold endowment (historic production plus current resources) with 7.5Mtpa of processing capacity within 120km of the Tuckanarra Project.

Odyssey's 2022 reverse circulation ("RC") drilling campaign has identified a mineralised shoot with significant scale potential. Drilling has defined a 10-20m true width structure with a 300m long mineralised shoot open along strike. A 21 hole, 2,232m RC program has been recently completed drilling the structure at an 80 x 40m spacing.

The first results from this drilling included CBRC0148 which intersected 20m @ 2.1g/t Au from 42m. Results for CBRC0136 drilled 40m to the east have now returned including: 43m @ 8.3g/t Au from 41m including 12m @ 27.5g/t Au from 70m including 3m @ 80.9g/t Au from 73m. The mineralisation interval is a combination of mineralisation from the primary structure and supergene overprint.

This hole in combination with the 84m @ 2.5g/t Auv intersected 60m to the south, provides confidence in the continuity of thick high grade oxide mineralisation. CBRC0136 is up dip of TCKRC0100 which included 12m @ 6.5g/t Au and CBRC056 which included 11m @ 7.8g/t Au. The structure is demonstrating strong dip continuity for 180m vertical from surface with thickness and grade conducive to underground mining.

Quartz veining comprising up to 80% quartz were observed from 51-81m depth. Assays are pending for the end of CBRC0136. The true width is estimated to be approximately 32m.

One wet sample was recorded in the mineralised interval associated with the rod change at 72m. Results have also returned for a drill section immediately to the east of the Bollard Pit. This line is drilled to allow the completion of a resource estimate between the Bollard Pit and Highway Zone.

The mineralisation intersected is associated with quartz veining in ultramafic rocks, sulphide mineralization on the upper contact of the footwall banded iron formation ("BIF"), and overprinting supergene gold. Results from the holes immediately to the east of the Bollard Pit include: 7m @ 1.5g/t Au from 9m including 3m @ 2.4g/t Au from 9m CBRC0133; 4m @ 1.4 g/t Au from 21m CBRC0135 and 15m @ 0.5g/t Au from 32m CBRC0135 and 4m @ 0.6g/t Au from 51m CBRC0135 and 4m @ 1.4g/t Au from 67m CBRC0135 and 3m @ 2.9g/t Au from 94m CBRC0135. 10m @ 0.6g/t Au from 9m including 2m @ 1.1g/t Au CBRC0134 and 6m @ 1.0g/t Au from 58m including 3m @ 1.6g/t Au CBRC0134.

The holes confirm continuity of shallow oxide mineralisation between Bollard Pit and the high-grade shoot at the Highway Zone. Future Work: Three phases of drilling are planned at the Highway Zone: The 2,300m program underway is targeting the structure in the oxide zone to add shallow mineralisation to support open pit evaluation; The second phase of drilling will extend the structure along strike, in particular, to the northeast towards the encouraging rotary air blast ("RAB"), rock chip and soil samples; and The third phase of drilling will grow >5g/t Au mineralisation down dip to demonstrate the scale of underground mining potential. Underground mines in the area extend to over 1km depth.

The deepest intersection at the Highway Zone intersected the structure ~180m below surface. The structure is open down dip. The Company has a portfolio of advanced open pit and underground targets being actively explored.