January 27, 2010 06:00 AM Eastern Time 

Marine Exploration, Inc. Announces RV Hispaniola Plans to Salvage Two Shipwreck Sites Concurrently; Adding Additional Salvage Equipment While in Port for Maintenance

MIAMI--(BUSINESS WIRE)--Marine Exploration, Inc. (OTCBB: MEXP) and its Joint Venture Partner Burt Webber’s Hispaniola Ventures, LLC announce their RV Hispaniola expects to salvage two shipwreck sites concurrently. While the treasure salvage vessel is in port for maintenance, contractors have been engaged to add additional salvage equipment, replace zinc plating, and refurbish fresh water makers. In early February, the Company plans to continue its salvage at the proven North Coast treasure site off the Dominican Republic. Another nearby proven site will be worked concurrently using reef boats from the RV Hispaniola master vessel.

The objects recently found at the North Coast site include silver coins, jewels, gold jewelry with pearls, a solid gold ring with diamonds, two hand-held bronze cannons, numerous pistols and cannons, a bell from 1693 with the phrase 'Soli Deo Gloria', guild pewter plates, navigation compasses, plumb lines for measuring depth, a pistol, sword sheaths, ornaments, plates, silverware, sword handles, a device to measure the ship's speed, and bronze candlesticks.

Burt D. Webber Jr., famed diver that in 1978 discovered the Concepcion in Dominican Republic waters, is currently the onsite Director of Operations aboard the RV Hispaniola treasure salvage vessel.

About Marine Exploration

Marine Exploration, Inc. and joint venture partner Hispaniola Ventures, LLC, headed by Burt D. Webber Jr., plan to continue the shipwreck site survey and salvage and anticipate locating and recovering additional historic shipwrecks with valuable artifacts and treasure. Working under exclusive contract with the Dominican Republic, the Company has plans in place to pursue multiple notable shipwrecks in Dominican Republic territorial and jurisdictional waters. http://www.mexp.biz/

Forward-Looking Statements

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 (http://www.sec.gov/cgi-bin/browse-edgar?type=424B3&dateb=&owner=include&count=40&action=getcompany&CIK=0001019654) 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. http://www.mexp.biz