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Odyssey Marine - Press Release - May 17, 2005

New Book To Feature Odyssey Marine And SS Republic Shipwreck

"Lost Gold of the Republic" to Arrive in Bookstores in September 2005

Tampa, FL - May 17, 2005 - Odyssey Marine Exploration (AMEX: OMR) a leader in the field of deep-ocean shipwreck exploration will be featured in a new book being released in September 2005 called "Lost Gold of the Republic." The book, written by veteran journalist Priit Vesilind, details the Company's pioneering shipwreck exploration history while retelling the fascinating story of the sinking and eventual discovery of the Civil War-era SS Republic.

In October 1865, the Republic - a steamship traveling from New York to New Orleans with a reported $400,000 in specie - sank in a hurricane off the coast of Georgia. The shipwreck sat undisturbed at the bottom of the ocean until late summer 2003, when Odyssey Marine Exploration finally located the legendary ship. As Odyssey Marine began bringing the 19th century objects to the surface, news of the Republic's treasure spread like wildfire and made headlines around the world.

In Lost Gold of the Republic, Vesilind tells the full story of this modern-day adventure - filled with immense risk and even greater rewards. Re-creating the drama and tension of the Republic's final hours and Odyssey's quest to find the sunken ship, Vesilind describes how Odyssey's unconventional business model, use of cutting-edge technology, and ground-breaking excavation and recovery methods, put the company at the forefront of deep-ocean exploration.

In alternating chapters, Vesilind juxtaposes the struggles Odyssey faced prior to the discovery of the wreck - including battles to stay financially afloat, competition to be the first to find the Republic, equipment failures, and a suspicious Coast Guard and Customs Office - with the vessel's own remarkable history. Christened the SS Tennessee, the ship sat at the vortex of history, ferrying passengers and cargo to and from Central America. It was also used at various times by both the North and the South during the Civil War.

About the Book

LOST GOLD OF THE REPUBLIC: The Remarkable Quest for the Greatest Shipwreck Treasure of the Civil War Era
By Priit J. Vesilind
Publisher: Shipwreck Heritage Press
Publication date: September 6, 2005
Price: $24.50/hardcover
Pages: 320 pages; includes 32 pages of color photographs and illustrations
ISBN: 1-933034-06-8

About the Author

Priit J. Vesilind was born in Estonia in 1943. He and his family immigrated to the United States in 1949, and he spent his childhood in western Pennsylvania. He earned a BA in English from Colgate University and an MA in Communications Photography from Syracuse University. During his 30-year career at National Geographic magazine, where he rose to be the Adventure and Expeditions Editor and Senior Writer, 35 of his articles covering underwater archaeology, adventure, expeditions, and cultural geo-politics were published in the magazine. Prior to that, he worked as a reporter and editor for the Atlanta Journal, Syracuse Herald-Tribune, and Providence Journal. In addition to LOST GOLD OF THE REPUBLIC, he is also the author of three other books, including On Assignment, USA for National Geographic Books (1997). Currently a freelance writer, he lives with his wife in Manassas, Virginia.

About Odyssey Marine Exploration

Odyssey Marine Exploration is an American Stock Exchange Company (Ticker symbol: OMR) with several shipwreck projects in various stages of development throughout the world including the "Atlas" and Sussex projects. Odyssey has an exclusive partnering agreement with the Government of the United Kingdom for the archaeological excavation of the shipwreck believed to be HMS Sussex. Additional information about Odyssey, its projects and equipment is available at

- END -

The Company believes the information set forth in this Press Release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Certain factors that could cause results to differ materially from those projected in the forward-looking statements are set forth in "Risk Factors," and "Business" in the Company's annual report on Form 10KSB for the year ended December 31, 2004, which has been filed with the Securities and Exchange Commission.


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