Odyssey Gold Limited announced progress drill results from Reverse Circulation ("RC") drilling recently completed at the Highway Zone Target, part of the Tuckanarra Project in the Murchison Goldfields of Western Australia. Current Drilling Strategy: Odyssey's Tuckanarra Project is part of the prolific Murchison Goldfields (Figure 5). The Murchison Goldfields are host to a +35Moz gold endowment (historic production plus current resources).

Recent drilling by Odyssey has focussed on defining high grade shoots extending below the Bottle Dump, Bollard and Cable Pits, along with extending the system to the north and to the east at the highly prospective Highway Zone structure. Several other advanced targets have also been RC drilled, including Maybelle, Maybelle North, Lucknow, Douglas and Cable North. Highway Zone: The Tuckanarra Project area was mined 1993-1995 focusing on higher grade areas of shallow laterite and oxide mineralisation.

Although drilling demonstrated multiple zones of gold mineralisation extending below the pits, these were not mined due to the low gold price and limitations of processing at the time. Mining was limited to a maximum of ~30m below surface. Historic drilling at Tuckanarra was targeted on >10ppb Au soil anomalies.

Areas with shallow cover, such as at the Highway Zone, have not been identified or drilled with bedrock RC and diamond drilling. Drilling at the Highway Zone completed in late 2021 included results of 7m @ 2.5g/t Au, 14m @ 1.9g/t Au, and 5m @ 2.2g/t Au in TCKRC0101iv. This drilling highlighted the potential for significant growth of the historic pit to the east of the Bollard Pit.

The Highway Zone is coincident with a north-northeasterly striking regional structure interpreted in airborne magnetics. The mineralisation is in an orientation not previously recognised at the Tuckanarra Project. RC drilling has continued at the Highway Zone.

Results for 8 holes have returned, confirming significant supergene gold development along with bedrock gold mineralisation. The latest results show a strong relationship between the host rock and the development of the Highway Zone mineralisation. Thicker higher grade intervals are intersected in ultramafic and banded iron formation.

The basalt below the ultramafic gives more weakly developed mineralisation. The intersection between the Highway Zone and ultramafic rock type results in a moderate southerly plunge to mineralisation. Drillhole CBRC0055 intersected mineralised up dip of previous hole CBRC0056 (40m @ 3.9g/t Au from 170m).

Both holes intersected three zones of mineralisation within a broader interval. CBRC0055, along with CBRC0056 and TCKRC0101 confirm thick mineralisation at the intersection of the Cable- Bollard Trend, and Highway Zone. This structure intersection has a steep plunge to the south.

CBRC0055, 84m @ 2.6g/t Au from 25m including; 16m @ 4.4g/t Au from 25m in oxide and 16m @ 1.9g/t Au from 53m in oxide and 30m @ 3.3g/t Au from 79m including: 7m @ 10g/t Au from 89m. Holes CBRC0055 corelates well with previous hole CBRC0056 which contained a wide interval of 40m @ 3.9g/t Au from 170m comprised of three zones of: 5m @ 3.8g/t Au (170m); 13m @ 3.7g/t Au (180m); 11m @ 7.8g/t Au (199m) including 6m @ 13.8g/t Au (199m); The lower of the three zones of mineralisation often seen at the Highway Zone contains higher grade mineralisation. Notably in CBRC0055 (7m @ 10g/t Au from 89m) CBRC0056 (11m @ 7.8g/t Au) and TCKRC0100 (12m @ 9.1g/t Au from 132m) contain the thickness and grade of mineralisation that can be considered for future underground mining evaluation.

Hole CBRC0054 targeted to drill oxide mineralisation in the footwall of the Highway Zone structure adjacent to CBRC0055 in 40m spaced drilling. Gold in oxide has been intersected with: CBRC0054, 2m @ 0.9g/t Au from 10m and 2m @ 0.9g/t from 55m and 6m @ 1.2g/t Au from 63m. The Highway Zone has not previously been drilled to the south of the intersection with the Cable-Bollard Trend.

A single hole drilled to the east, CBRC0117, has intersected significant oxide mineralisation in the extrapolated position of the Highway Zone to the south. CBRC0117, 44m @ 0.6g/t Au from 32m including 8m @ 1.2g/t Au from 64m. Drilling of the Highway Zone within the oxide profile is likely to intersect thick intervals of mineralisation as seen in CBRC0117.

Drilling at the Highway Zone to date has focussed on determine the strike and dip of mineralisation in bedrock. The intersection of the structure in oxide will be a focus in the second half of the year. Mineralisation remains open to the south.

Hole CBRC0127 (results pending) is planned to intersect this position. Additional drilling is planned to the south of CBRC0127 in the coming months. Four holes were drilled on 80m spaced sections targeting extensions to the mineralisation to the east.

Three of the four holes intersected the structure in basalt. The mineralisation intersected in basalt is narrower and lower grade than where the structure is intersected in ultramafic or banded iron formation. CBRC0113, 8m @1.0g/t Au from 199m and 8m @ 0.9g/t Au from 215m; CBRC0116, 3m @ 2.2g/t Au from 206m; CBRC0115, 7m @ 1.0g/t from 189m.

Future drilling is planned to intersect the structure up dip in ultramafic and at depths more amenable to open pit mining. Banded iron formation occurs towards the top of the basalt. CBRC0057 intersected several units of banded iron formation and 1m samples returned for this hole include: CBRC0057, 3m @ 6.4g/t Au from 156m and 11m @ 3.7g/t Au from 186m; 3m @ 0.6g/t Au from 201m; 5m @ 1.0g/t Au from 214m.

The most northern RC hole drilled on the Highway Zone, CBRC0124, intersected quartz veining in oxide and ended in granite. This hole now appears to be drilled to the east of the northern extension of the Highway Zone.