SOURCE: Deep Blue Marine, Inc.

September 16, 2008 09:30 ET

Deep Blue Marine, Inc. Extends Stay at Dive Site

SALT LAKE CITY, UT--(Marketwire - September 16, 2008) - Deep Blue Marine, Inc., (PINKSHEETS: DPBE) announced today that the company plans to remain on location at Terry's site in the Atlantic Ocean for an extended tour of duty. The company had originally planned to bring the crew and recovery vessel home in November but circumstances have changed and the boat will remain on site over the winter and at least for the 2009 dive season.

The company's research and recovery vessel, "Cap'n Tracy," is in good repair and, as a result of recent finds in the area, plans are now being made to stay on site. The crew will take a break over the Christmas season, but plans to return right back to work in January.

Billy Rawson, the vessel's captain, made the request last week as a result of the level of success the crew is experiencing. Randy Champion, Vice President, will assist in offsetting management duties on site, and both he and company president, Wilf Blum, will continue diving with the crew over the extended season. The company now has a full crew which also includes 2 Dominican divers who work full time on the site and in port.

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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be 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 Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

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