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Odyssey Marine Exploration Files Claims On Two More North Atlantic Shipwrecks; 'Valuable Cargo'

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TAMPA, Florida -- Odyssey Marine Exploration has filed Admiralty Arrest Complaints in the U.S. District Court for the Middle District of Florida on two separate shipwreck sites recently located by the company.

Both sites lie in the North Atlantic Ocean beyond the territorial waters or contiguous zone of any sovereign nation, over 300 miles from the entrance to the English Channel. The sites are both believed to be the remains of steel hulled vessels. Odyssey believes that valuable cargo may be located at or near both sites, but pending confirmation of the identity of the shipwrecks and identification of potential claimants, additional information will not be released.

As with other shipwreck sites that the Company arrests, once the identity of the shipwrecks are reasonably confirmed, any potential claimants identified through Odyssey's research will be notified through appropriate private or public notices.

"The operation to locate and identify these shipwrecks was undertaken with a chartered ship and some new equipment and technology that we are testing for application on future projects while the Odyssey Explorer and Ocean Alert undergo their 5 year surveys and drydock, which we expect to take several months," commented Greg Stemm, Odyssey's CEO, "We have been impressed with the performance and seaworthiness of the ship and equipment we're testing and plan to extend operations further into the winter than we have tried in the past."

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