Exceptional Uranium Results at Lyndon - 6,612ppm U3O8

Odessa Minerals Limited (ASX:ODE) (“Odessa” or the “Company”) is pleased to provide an update on its Lyndon Project (“Project”), located approximately 200km northeast of Carnarvon in Western Australia.

Highlights:

• Rock chip assay results up to 6,612ppm U₃O₈ at the Baltic Bore and Jailor Bore prospects
• 12 rock chips returned assays >1,000ppm U₃O₈
• 5 rock chips returned assays >1,000ppm V₂O5
• Uranium anomalism spans strike lengths of 2.6km at Baltic Bore and 2km at Jailor Bore
• Lyndon Project Immediately adjoins Paladin Energy’s Carley Bore Uranium Project (15.6MLbs U₃O₈)

Figure 1: Carnotite (uranium) mineralisation within siliceous calcrete at the Jailor Bore prospect in sample XT0938.

David Lenigas, Executive Director of Odessa, said:

“Results of our preliminary field work have returned outstanding uranium and vanadium results, confirming the presence of calcrete-type mineralisation across multiple prospects at the Lyndon Project. The results of this campaign have exceeded expectations through the discovery of the highest-grade uranium and vanadium results at the Project to date. Odessa is now focussed on assessing the extent of high-grade uranium mineralisation through follow-up field campaigns that will involve ground-based radiometric mapping and further sampling to generate drill-ready targets for sub-surface testing during Q3, in conjunction with the palaeochannel roll-front uranium drilling at the Relief Well prospect. With multiple radiometric targets outside of the Jailor Bore and Baltic Bore prospects remaining untested, the Company is excited to undertake further field programs to expand on this round of assay results.”

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