SOURCE: Marine Exploration, Inc.

June 27, 2008 16:01 ET

Marine Exploration, Inc. (MEXP) Adds Two More Targets to Its Survey for Targeted Sunken Vessels With Possible Additional Values in Excess of 200 Million Dollars

MIAMI, FL--(Marketwire - June 27, 2008) - Marine Exploration, Inc., trading under stock symbol (PINKSHEETS: MEXP), has engaged further research in association with its Joint Venture Partner, Burt Webber's Hispaniola Ventures, LLC, and has identified two more sunken targets in its already permitted survey area. These targets fall within the currently issued Dominican Republic Exclusive Contract. The treasure and artifacts aboard each vessel has a potential value of $100,000,000 each. The initial survey, set to begin in July, will now include the identification and salvage of these additional vessels.

"We are excited to gain additional salvage targets in our preliminary survey. With this data, we increase our chances of fulfilling our mission statement: to investigate, locate and recover valuable treasure from historic shipwrecks throughout the world," states Marine Exploration, Inc. President, Miguel Thomas Gonzalez.

About Marine Exploration, Inc.

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 up to fourteen more 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.

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