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Eureka! Gold at last.

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TAMPA, FL - November 07, 2003 - Odyssey Marine Exploration, Inc. (OTC BB: OMEX) received a report yesterday from the Company's recovery vessel Odyssey Explorer that gold coins have been discovered on the site of the SS Republic. Shortly after commencement of archaeological excavation of the site, a substantial number of gold coins were revealed using Odyssey's Sediment Removal and Filtration (SeRF) system.


Approximately 80 loose coins and what appear to be at least two wooden crates containing unknown quantities of coins have been located in the area that Odyssey expected to find a cargo of specie. Very little excavation has taken place, so it is not known if any additional coins or boxes of coins will be found and recovered. There is insufficient information at this point to predict the condition of the coins or their potential value.


Once numismatic experts have had the opportunity to inspect the recovered coins, the company intends to release their reports detailing the number, condition and value of the recovered coins.


Odyssey Marine Exploration has several shipwreck projects in various stages of development throughout the world, including the Sussex and SS Republic projects. Additional information about Odyssey, the SS Republic and the Odyssey Explorer is available at www.shipwreck.net.





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