Day: March 22, 2016

The combined company will provide shareholders with exposure to a significant, substantially permitted gold resource at NewCastle’s Castle Mountain Gold Project, including 0.48 million measured ounces of gold at 0.86 g/t, 3.7 million indicated ounces at 0.57 g/t, and 0.76 million inferred ounces at 0.58 g/t1, as well as a strengthened management team led by Richard Warke, as Executive Chairman, and including high profile and experienced board members Jim Gowans and Frank Giustra. The combined company will continue to be named “NewCastle Gold Ltd.”

“The Odyssey management team has been working closely with the MINOSA team throughout the past year,” said Mark Gordon, Odyssey’s chief executive officer. “Although the initial closing of the SPA has taken longer than originally contemplated due to the extended environmental approval process for the Oceanica project, the continued assistance provided by MINOSA and this recent agreement with Epsilon reinforces our belief that MINOSA is the right partner for Odyssey’s offshore mineral exploration business.”