World Renowned Capital Market Advisor and Dominican Financial Pioneer Rosendo Alvarez III Joins Marine Exploration Board as Director and VP of International Affairs

MIAMI--(BUSINESS WIRE)--Marine Exploration, Inc. (OTCBB: MEXPD) announces international financial advisor Rosendo Alvarez III has joined the Company’s Board of Directors as VP of International Affairs. A consummate business and financial trailblazer in the Dominican Republic, Mr. Alvarez boasts an impressive list of domestic and international firsts. He pioneered and cofounded the first securities exchange in the Dominican Republic, the Bolsa de Valores de Santo Domingo; served as special assistant to New York Mayor Edward I Koch; presided as the CEO of the first technology park in Santo Domingo, the Parque Cibernetico de Santo Domingo; founded the first Capital Markets institute in the Caribbean, the IDMEC, Instituto Dominicano de Mercados de Capitals; founded the first Enterprise Innovation Center to successfully operate in Santo Domingo; hosted the first TV show on Capital Markets matters in the Dominican Republic; and has the distinction of being the first Dominican-born author to publish on the subject of Investing in Wall Street financial securities. Rosendo Alvarez III is currently Vice President of the United Kingdom-based think-tank Gold Mercury International, and member of the Germany-based Science Parks and Innovation Centers Expert Group. Alvarez is the first-ever representative of Estonia to the Dominican Government, and the first Estonian Consul to be elected Dean of the Consular Corps accredited in the country.

Mr. Alvarez will assist and advise Marine Exploration’s expansion in the region facilitating new salvage projects and other new business interests.

Mark Goldberg, CEO, Marine Exploration states, “The addition of Rosendo Alvarez III to the Company strengthens our position as a substantial corporate entity in the Dominican Republic. Having him on board should allow us to gain additional sources of revenue. Under the tutelage of Mr. Alvarez, we expect to dramatically impact the ongoing success of our treasure hunting expeditions. He will be introducing many interesting Dominican sources that will assist in the growth within Marine Exploration to become a serious force in the treasure salvage industry and other commercial venues.”

Rosendo Alvarez III comments, “I am delighted to be part of Marine Exploration and its diverse management team. I believe that the Dominican Republic has many untapped business operations that would be beneficial for Marine Exploration, Inc. I will begin analysis of the dynamic economics of scale in my country and present to the Board various opportunities to expand our revenue growth.”

About Marine Exploration

Marine Exploration, Inc. and joint venture partner Hispaniola Ventures, LLC, headed by Burt D. Webber Jr., plan to continue shipwreck site surveys and salvage. The Company anticipates locating and recovering additional historic shipwrecks with valuable artifacts and treasure. Working under contract with the Dominican Republic, Marine Exploration has plans in place to pursue multiple notable shipwrecks in Dominican Republic territorial and jurisdictional waters. http://www.mexp.biz

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned (http://www.sec.gov/cgi-bin/browse-edgar?type=424B3&dateb=&owner=include&count=40&action=getcompany&CIK=0001019654) that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. http://www.mexp.biz