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Odin trades on the Toronto  Stock Exhange (TSX)

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Odin Mining and Exploration
Limited (“ODN-TSX-V”)
is a Vancouver
based Canadian precious
and base metals exploration
and development company.

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Grant of Options
March 25, 2004


The Board of Directors of Odin Mining & Exploration Ltd. is pleased to announce the grant of an additional 200,000 options to a Director, Mr. Colin Patterson at the exercise price of 25 cents per share, the share price of Odin at close of business on March 25th, 2004.  His options are subject to a 12 month hold period from the date of grant, open for exercise for 5 years from the date of grant.  This is to recognise the increased involvement of Mr. Patterson in company business.

Odin Mining & Exploration Ltd. is listed on the TSX Venture Exchange (symbol ODN).

“Stephen W C Stow
________________

Stephen W C Stow
President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release.

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