Odyssey Gold Limited announced progress results from the Highway Zone at the Company's Tuckanarra JV Project. Highway Zone: 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 80m x 40m spacing.

The first results from this drilling included 43m @ 8.3g/t Au from 41m and 20m @ 2.1g/t Au from 42m. Results have now been returned for the most eastern line of drilling, 140m to the east of the recent results and include: 21m @ 3.3g/t Au from 65m (CBRC0143) including 11m @ 5.5g/t Au from 66m; 9m @ 2.7g/t Au from 29m (CBRC0142). These holes demonstrate continuity of thick oxide gold mineralisation extending to the east of the high-grade shoot.

The structure remains open along strike to the east towards a historic rotary air blast ("RAB") hole with a result of 3m @ 3g/t Au, 800m to the east. The extension along strike will be a focus for the next RC drilling program. Mineralisation is associated with significant quartz veining in ultramafic rock or iron rich sediments extending into oxide and an overprinting supergene gold enrichment.

Results have returned for drilling targeting the plunge extension of mineralisation. The high-grade plunge has been successfully intersected with higher grade results of: 11m @ 4.3g/t Au from 133m including 2m @ 21.6g/t Au from 141m (CBRC0141); 5m @ 5.0g/t Au from 152m including 2m @ 12.0g/t Au from 153m (CBRC0137). These results demonstrate high grade mineralisation in fresh rock at depth below the thick oxide mineralisation.

The mineralised intervals reported are the parts of a 20-40m wide structure above 0.5g/t Au. The structure has anomalism across a broader width. Higher grade areas are associated with quartz veining in ultramafic and iron rick sediments.

Higher grade mineralisation has a strong correlation with quartz veining, including in oxide. Drillholes CBRC0130 and CBRC0131 were completed to the west of the high-grade shoot. These holes intersected the oxide mineralisation including: 11m @ 0.8g/t Au from 30m (CBRC0131) and 7m @ 1.4g/t Au from 51m (CBRC0131); 16m @ 0.2g/t Au from 40m (CBRC0130).

Holes CBRC0144 and CBRC0145 drilled depleted oxide to the northwest of the target structure and did not intersect significant assays. Hole CBRC0147 drilled a similar position on the most eastern section line and intersected shallow laterite mineralisation with a result of: 2m @ 2.g/t Au from 6m (CBRC0147). Most holes intersected multiple zones of mineralisation and the full details of the results of all 10 holes.

Results are pending for a further five holes intersecting the high- grade shoot and hanging wall oxide mineralisation. Future Work: Three phases of drilling are planned at the Highway Zone: The recently completed 21 hole program 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 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.