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Sydney, June 21, 2007 (ABN Newswire) - Olympia Resources Ltd (ASX: OLY) is pleased to announce that Mr Michael Walters has consented to act as a Non-Executive Director of Olympia Resources, effective today.

Mr Walters has over 25 years experience in the global resources sector including marketing and trading industrial minerals, line management of mining operations, and strategic planning and project development. Mr Walters has worked for leading mining companies, and out of marketing offices in Europe, the UK, Singapore, the Middle East and Australia. These companies include Shell, Billiton, WMC Resources and Consolidated Minerals. He has an Honours Degree in Engineering from the University of Western Australia.

Mr Walter's experience in strategic planning and development and his knowledge of international marketing of mineral products will be of great value to the company as it embarks on the development phase of its industrial minerals and mineral sands projects.

The Board is delighted to welcome Mr Walters.
For more information on Olympia Resources, please visit our website at www.olympiaresources.com




About OLYMPIA RESOURCES LIMITED

Olympia Resources (ASX: OLY) is a Western Australian ASX-listed company focused on the exploration and development of a range of resource projects. OLY is developing the Harts Range Abrasives deposit Olympia Resources Limited near Alice Springs in the Northern Territory and plans to begin mining heavy mineral sands at the Keysbrook Project in the South-Western Australia in early 2007. OLY has also confirmed the existence of potentially significant gold mineralisation at Bruce's Prospect in the Northern Territory.


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