March 18, 2008 06:30 ET

Marine Exploration, Inc. and Burt Webber Host CBS TV News Crew Aboard Their Treasure Hunting Ship; Ocean Lady Story Aired on Friday

MIAMI, FL--(Marketwire - March 18, 2008) - Marine Exploration, Inc., trading on the Pink Sheets under stock symbol (PINKSHEETS: MEXP), announces CBS TV in Miami sent a news crew to the Ocean Lady to shoot a story about Burt Webber and their treasure hunting ship. In the exciting story that aired on Friday, CBS reported about the first class 128-foot Ocean Lady, berthed on the Miami River, and how it is bedecked with high-tech devices including the state of the art operations center designed to Webber's exact specifications. The CBS camera crew showed how the divers will use unique jet propulsion boots mounted on their legs underwater as they hold one-of-a-kind cesium magnetometers searching for valuable cargoes of jewels and priceless artifacts.

The Ocean Lady is being readied by Marine Exploration, Inc., and Burt Webber's Hispaniola Ventures, LLC as part of a Joint Venture agreement. The ship will soon set out to search the scene of numerous treasure galleon shipwrecks off the Silver Bank of the Dominican Republic.

CBS TV News aired the piece last Friday. It can be viewed at http://cbs4.com/local/pirates.caribbean.jewels.2.677440.html

Marine Exploration, Inc. is currently pursuing two primary projects north of the Dominican Republic for which an exclusive state of the art host country treasure-salvage contract is in place. Long term, the Company will explore several wrecks under the Dominican Contract and has plans in place to pursue additional multiple notable shipwrecks worldwide.

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward- looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward- looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.