ODE Odyssey Petroleum Corp.

Odyssey Petroleum Corp. (TSX VENTURE:ODE)(FRANKFURT:YQN) announces the
resignation of Whitney Pansano as President, Chief Operating Officer and a
director of the Company. Odyssey thanks Mr. Pansano for his service to Company
over the past six years. Joe DeVries, the current CEO of the Company, has been
appointed as President. For clarification, the directors and officers of Odyssey
are now comprised as follows:


Joe DeVries, CEO, President and director 

Richard Barnett, CFO and Secretary 

Jurgen Wolf, director

Richard Switzer, director 

Ali Al Hazeem, director

Reinstatement Application to TSX Venture Exchange:

On January 12, 2011, the B.C. Securities Commission issued Revocations of the
Cease Trade Order and Management Cease Trade Orders issued, as Odyssey is now
up-to-date with its continuous disclosure filings (see News Release dated
December 24, 2010). The Company has made application to the TSX Venture Exchange
for reinstatement for trading, and anticipates resumption of trading shortly.


Proposed Consolidation and Name Change:

Regarding the proposed name change and consolidation announced in the Company's
News Release dated September 17, 2010, the Company received approval from
shareholders at the Annual General Meeting held October 15, 2010, and is
currently in the process of preparing the required documentation to consolidate
its share capital on a 20:1 basis, and to change its name to Petrichor Energy
Inc., subject to receipt of regulatory acceptance. A further News Release will
be disseminated once regulatory approval has been received and an Effective Date
has been set.


Website Down for Upgrading:

The Company's website has been shut down for updating. ODE expects to have the
website back up and running in the next two weeks.


ODYSSEY PETROLEUM CORP.

Joe DeVries, Chief Executive Officer

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.

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