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Odyssey Marine - Press Release - March 28, 2005

SS Republic Gold Coin Population Report Released

TAMPA, FL -March 28, 2005 - Odyssey Marine Exploration, Inc. (Amex: OMR) a leader in the field of deep ocean shipwreck exploration, today announced that Numismatic Conservation Services (NCS) has completed the conservation process and Numismatic Guaranty Corporation (NGC) has completed the grading process on all gold coins recovered to date from the SS Republic shipwreck site. A population report detailing the denomination, mint marks and grades of these gold coins is now available on the NGC website at http://ngccoin.com/poplookup/ or on the Odyssey website at www.shipwreck.net/goldcoinpop.shtml. A population report detailing the silver coins recovered to date will be released at a later date.

The SS Republic was a paddlewheel steamer that sank during a hurricane in 1865 while en route from New York to New Orleans with post-war supplies and currency. Odyssey Marine Exploration discovered the shipwreck in August of 2003 nearly 1700 feet below the surface of the Atlantic. To date, more than 51,000 gold and silver coins have been recovered, including $20.00 Double Eagles, $10.00 Eagles, Half Dollars and a few Quarter Dollars.

NCS and NGC were awarded the exclusive contract to perform conservation, grading and encapsulation of the SS Republic shipwreck coins. NCS and NGC combined are a complete numismatic service organization: NCS is the only professional conservation service specializing in coins and other numismatic items, while NGC is the largest independent coin grading service in the world, having certified more than ten million collectable coins. NCS and NGC are the American Numismatic Association's (ANA) official conservation and grading services.

 

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 SS Republic and HMS Sussex projects. Additional information about Odyssey, its projects and equipment is available at www.shipwreck.net.

- 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 February 29, 2004, which has been filed with the Securities and Exchange Commission.



 


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