SOURCE: Innocap, Inc.

August 30, 2017 09:00 ET

Innocap's President, Paul Tidwell, will be Traveling to Indonesia to Advance Negotiations with Indonesia

JEFFERSON, TX--(Marketwired - Aug 30, 2017) - Innocap, Inc.'s (OTCQB: INNO) Current Activities Paul Tidwell, Innocap's President, is completing the formal presentation that he will make to senior Indonesian officials and P.T. Makitech (Innocap's associate in Indonesia). The purpose of the presentation is to complete discussions to determine whether acceptable terms can be reached giving Innocap the right to undertake an exploration to locate and salvage the Flor de la Mar, a Portuguese ship that sank in 1511 off the coast of Indonesia with a rumored large cargo of treasures. The Flor de la Mar has been the subject of many writings and legends.

Mr. Tidwell will make his trip to Indonesia over the next week to ten days. The timing may be affected by flight disruptions being caused by weather conditions in Texas.

Innocap cannot predict the likelihood of these negotiations being successful or, if successful, the likelihood of finding and salvaging the Flor de la Mar.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company's Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

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