SOURCE: Marine Exploration, Inc.

October 22, 2008 06:30 ET

Marine Exploration, Inc. Reaches Financing Milestone

MIAMI, FL--(Marketwire - October 22, 2008) - Marine Exploration, Inc. (PINKSHEETS: MEXP) announced today that it has reached its first financing milestone, exceeding $2mil invested. This funding will allow MEXP to commence its treasure surveying and salvaging activities in the Caribbean. The ship is finishing its refit and is expected to set sail to the Dominican Republic in the near future.

About Marine Exploration, Inc.

Marine Exploration, Inc. is currently pursuing two primary projects north of the Dominican Republic for which an exclusive host country treasure-salvage contract is in place.

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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