Odin Announces Completion of Phase 1 Drilling Program and Initiation of Metallurgical Testing Program at Cangrejos, Ecuador

Vancouver, British Columbia - Odin Mining and Exploration Ltd. (TSXV: ODN) (the "Company") announces that it has completed Phase 1 of a 15,000 metre drilling program at its 100% owned Greater Cangrejos Gold & Copper Project in El Oro Province of Southern Ecuador. The diamond drilling program included nine holes totaling 3,539.75 meters and consisted of step out holes targeting lateral and depth extensions of a known mineralized zone, testing of surface geochemical anomalies and confirmation of previous drill results for use in a future resource estimate. Assay results will be released when received.

The Company has initiated a scoping level metallurgical testing program consisting of four composite samples from the Phase 1 drilling program core. The samples were selected from seven of nine drillholes and are representative of gold and copper grades of known mineralized areas. The testing program will be conducted by C.H. Plenge & Cia. S.A. (Laboratorio Plenge) of Lima, Peru. The program is anticipated to be completed in May 2015.

Odin Mining & Exploration Ltd

Signed: "Marshall Koval"

Marshall Koval, President & CEO

For further information contact:

Lyle Braaten, VP Legal Counsel


T: +1 604 646 1889

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.