Odyssey Announces Completion of the Pilot Plant

Odyssey Oil & Energy, Inc. (OTCBB:OOGI) is pleased to announce the completion of the Pilot Plant at Xstrata Alloys smelter in Boshoek. The pilot plant is currently being tested under sterile conditions and should be fully operational within the next 2 weeks.

The plant will produce bio-fuels from algae and capture the carbon emissions from the smelter. The pilot plant will also be the foundation and part of the full commercial plant to be built on site.

ALG Western Oil (Pty) Ltd., a wholly owned subsidiary, has a Letter of Intent with Xstrata Alloys, a subsidiary of Xstrata Plc (LSE:XTA), as the preferred developer for the Xstrata Alloys Bio-Fuels Project. The objective of the project is to establish a commercial facility that will utilize the carbon dioxide produced by its smelters to produce bio-fuels from algae.

"With completion of the pilot plant, the company has entered into a new and exciting era and positioned itself at the leading edge of the bio-fuels and carbon capture industry, and we intend to expand rapidly in this area," said Arthur Johnson, President.

For further information on the company please contact the company at

 +27(11) 807-1446
 www.odysseyoil.net

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts, included or incorporated by reference herein relating to management's current expectations of future financial performance, continued growth, changes in economic conditions or capital markets, and changes in customer usage patterns and preferences are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Words or phrases such as "anticipates," "may," "will," "should," "believes," "estimates," "expects," "intends," "plans," "predicts," "projects," "targets, " "will likely result, " "will continue" or similar expressions identify forward-looking statements. Forward-looking statements involve risks and uncertainties which could cause actual results or outcomes to differ materially from those expressed. We caution that while we make such statements in good faith and believe such statements are based on reasonable assumptions, including without limitation, management's examination of historical operating trends, data contained in records and other data available from third parties, we cannot assure you that our projections will be achieved.

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SOURCE: Odyssey Oil & Energy, Inc.

Odyssey Oil & Energy, Inc.
          Arthur Johnson
          +27(11) 807-1446
          www.odysseyoil.net

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