Marine Exploration, Inc.'s New Shipwreck Site Yields Treasure-Quality Artifacts; Near Term Updates Expected

MIAMI--(BUSINESS WIRE)--With only a portion of the new shipwreck site surveyed, Marine Exploration, Inc. (OTCBB: MEXP) announces the Company, and joint venture partner Hispaniola Ventures, LLC, have recovered numerous and various treasure artifacts. Near term updates are expected to continue.

Mark Goldberg, CEO Marine Exploration notes, "Like the Nuestra Senora de la Concepcion, one of Burt Webber’s prior finds, the initial indications are that this new shipwreck site contains partial remnants determined to be from the 1700s. At this time, the site is secure and the location is not being made public. Our research vessel, R/V Hispaniola, is on the way back to port with the treasures. The Company will have photographs and videos of the artifacts available to its investors in the near future."

Marine Exploration, Inc. and joint venture partner Hispaniola Ventures, LLC, headed by Burt D. Webber, Jr., expect to continue the surveys and anticipate locating and recovering historic shipwrecks with valuable artifacts and treasure. Working under exclusive contract with the Dominican Republic, the Company has plans in place to pursue multiple notable shipwrecks in Dominican Republic territorial and jurisdictional waters.

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. To see our website, go to http://www.mexp.biz.