ODE Odyssey Petroleum Corp.

Odyssey Petroleum Corp. (the "Company") (TSX VENTURE:ODE) announces further to
its Notice of Default disseminated on May 4, 2009 that it is nearing completion
of its annual audited financial statements for the year ended December 31, 2008
(the "Annual Financial Statements"), which should have been filed by April 30,
2009 as required by National Instrument 51-102 Continuous Disclosure
Obligations. Although the Company anticipates filing the Annual Financial
Statements to be completed by May 22, 2009, the Notice of Default as set out in
the May 4, 2009 News Release currently remains unchanged.


The Company intends to satisfy the provisions of 12-203 by filing a bi-weekly
Default Status Report containing the information prescribed by 12-203, as long
as the Company remains in default of the financial statement filing requirement.


The Company is not currently subject to any insolvency proceedings. If the
Company provides any information to any of its creditors during the period in
which it is in default of filing the Annual Financial Statements, the Company
confirms that it will also file material change reports on SEDAR containing such
information.


Odyssey Petroleum Corp.

Joe DeVries, Chief Executive Officer

Odyssey Petroleum Corp. (TSXV:ODE)
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