Odin Mining & Exploration Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company's interest and other income was $15,024 compared with $15,277 a year ago. Operating loss was $42,781 compared with $32,330 a year ago. Total comprehensive income was $96,027 compared with $1,862,602 a year ago. For the nine months, the company's interest and other income was $42,523 compared with $124,143 a year ago. Operating loss was $287,269 compared with $523,325 a year ago. Total comprehensive income was $149,615 compared with $43,890 a year ago. Net cash outflows from operating activities was $306,992 compared with $12,756 a year ago. Purchase of equipment was $1,178. Mineral property acquisition and expenditures capitalized was $1,348,666 compared with $570,985 a year ago.

Odin Mining & Exploration Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2012. For the period, the company reported interest and other income of $565 compared to $106,669 a year ago. Operating loss was $104,589 compared to $116,883 a year ago. Total comprehensive income for the period was $144,487 compared to $1,452,576 a year ago. For the six months period, the company reported interest and other income of $27,499 compared to $108,866 a year ago. Operating loss was $244,488 compared to $490,995 a year ago. Total comprehensive income for the period was $53,588 compared to comprehensive loss of $249,253 a year ago. Net cash outflows from operating activities were $217,605 compared to net cash generated from operating activities of $68,398 a year ago. Mineral property acquisition and expenditures capitalized was $1,029,979 compared to $357,334 a year ago. Purchase of equipment was $1,176 as on June 30, 2012.

Odin Mining & Exploration Ltd. announced analytical results from a further six diamond drill holes completed on the Casique target of its Greater Cangrejos property in southwest Ecuador. The project is located about 30 km from the city of Machala and about 40 km from the port of Puerto Bolivar. The completion of the last of these six holes on April 5, 2012 concluded Phase 1 of Odin's diamond drilling on the Greater Cangrejos property. Highlights of the drilling include: 2 m @ 14.2 g/t Au & 0.24% Cu from 218 m in hole C12-45, 2 m @ 8.56 g/t Au & 0.00% Cu from 144 m in hole C12-41 and 68 m @ 0.60 g/t Au & 0.02% Cu from 216 m in hole C12-44. The Casique target is a distinctly separate location from the Trinchera-Paloma target, where Odin drilled its first 4 diamond drill holes (C11-30 to C11-33) of the present campaign. The Casique target lies approximately 1.5 km northeast of Trinchera-Paloma and at a surface elevation generally 300-400 m higher. As expected, the results from these five new holes (C12-41 to C12-46) show a similar distribution of values to those in the previous seven (7) holes (C12-34 to C12-40) from the Casique target. In contrast to the +100 m zones of pervasive disseminated mineralization found at Trinchera-Paloma, the mineralization at Casique tends to be more sharply defined with relatively narrow, but locally higher grade (5 - >10 g/t Au), zones related to faults and fracture zones within silicified diorite wall rock and hydrothermal breccias. Where such narrow zones come into close proximity, there is still scope for development of wider zones of mineralization such as in hole C12-44 where the intersection of 68 m at 0.60 g/t Au reported above was generated by combining the 30 m at 0.58 g/t Au from 216 m with the 32 m at 0.71 g/t Au from 252 m (Table 2) with the intervening 6 m of barren (0.15 g/t Au & 0.01% Cu) ground from 246m. The distribution of the >0.3 g/t Au intersections seen to date suggests that the mineralization at Casique is discontinuous and lacking in enough indications of high grade material (>10 g/t Au) to warrant additional work on its own at this stage.