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NATIONAL GEOGRAPHIC ULTIMATE EXPLORER HOST LISA LING JOURNEYS TO THE BOTTOM OF THE ATLANTIC TO EXPLORE THE S.S. REPUBLIC WRECK SITE

Ultimate Explorer's "Lost Gold of the Republic" Premieres Sunday, April 25, at 8 p.m. ET/5 p.m. PT on MSNBC

WASHINGTON (April 19, 2004) - National Geographic Ultimate Explorer host Lisa Ling dives more than 1,600 feet to the bottom of the Atlantic aboard a high-tech submersible, investigating the 138-year-old wreck of the S.S. Republic, a Civil War-era steamship that sank carrying a fortune in gold and silver coins. From the moment of the discovery until now, National Geographic cameras have been on hand to capture this dramatic story. Premiering Sunday, April 25, at 8 p.m. ET/PT on MSNBC, Ultimate Explorer's "Lost Gold of the Republic" take viewers on a journey of archaeology, adventure, perseverance and a treasure that could be worth more than $100 million.

"National Geographic has a long history of covering this kind of expedition and has been there every step of the way covering the Odyssey Republic Expedition," said David Royle, executive vice president of National Geographic Ultimate Explorer and senior vice president for production at National Geographic Television & Film. "National Geographic has covered classic expeditions like Titanic and Bismarck, making us uniquely qualified to tell the remarkable story of the Republic."

Ling's deep-sea journey represents the culmination of a long and challenging effort by underwater explorers Greg Stemm and John Morris, business partners at Odyssey Marine Exploration (AMEX:OMR) , who have spent more than 12 years searching for the treasure-laden ship. For 138 years, the Republic and its lost cargo of riches represented every explorer's dream - but it was the dedication and hard work of Stemm, Morris and the Odyssey team that eventually led to its discovery.

After combing countless square miles of the Atlantic with a variety of sonar equipment, the team finally located the Republic's remains approximately 100 miles off the coast of Georgia. With the help of the state-of-the art exploration and recovery vessel Odyssey Explorer, a remotely operated vehicle (ROV) named ZEUS and an arsenal of other high-tech tools and sensors, Stemm and Morris have begun to recover what could be one of the richest treasures ever discovered at sea. Along with gold and silver coins, other beautifully preserved artifacts, including the ship's bell and bottles, have been retrieved from the wreck site.

LOST GOLD OF THE REPUBLIC

In 1865, the Republic set off from New York carrying some 90 passengers and crew. The double side-paddle wheel steamship was headed for New Orleans, a city whose economy had been wounded by the Civil War. The Republic reportedly carried a consignment of gold and silver coins worth $400,000 at the time. But the ship never reached its destination - it sank in a hurricane off the coast of Georgia. All the crew and passengers made it safely off the vessel, although a number of people died on one of the rafts before they could be rescued.

"Lost Gold of the Republic" is an oceanic adventure that allows viewers to witness firsthand the yet-to-be-collected riches and the shattered remains of a ship whose ill-fated journey has become the stuff of legend.

"Lost Gold of the Republic" is produced by JWM Productions for National Geographic Television & Film. Jason Williams, Bill Gardner and Brendan Goeckel are the producers. Christine S. Romero is the editor. David Royle is the executive producer. For programming information and updates for National Geographic Ultimate Explorer, please log on to www.nationalgeographic.com/ultimateexplorer.

Building on its global reputation for remarkable visuals and compelling stories, National Geographic Television & Film augments its award-winning documentary productions (122 Emmy Awards and more than 900 other industry awards) with feature films, large-format films, kids' programming and long-form television drama programming. Worldwide, National Geographic's television programming can be seen on the National Geographic Channel, MSNBC and PBS, home video and DVD, and through international broadcast syndication. The National Geographic Channel is received by more than 200 million households in 25 languages in 148 countries, including the United States. For more information about National Geographic Television & Film, log on to nationalgeographic.com, AOL Keyword: NatGeo.

MSNBC is a joint venture of NBC, a leading provider of news and information, and Microsoft, the leader in personal computer software and a major provider of Internet online services. Built on the worldwide resources of NBC News, MSNBC is a 24-hour cable news network and Internet news service at msnbc.com

Odyssey Marine Exploration is an American Stock Exchange Company (Stock symbol: OMR) with several shipwreck projects in various stages of development throughout the world, including the S.S. Republic and H.M.S. Sussex projects. Additional information about Odyssey, its projects and equipment is available at www.shipwreck.net.

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The Company believes the information set forth in this Press Release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Certain factors that could cause results to differ materially from those projected in the forward-looking statements are set forth in "Risk Factors," and "Business" in the Company's annual report on Form 10KSB for the year ended February 28, 2003, which has been filed with the Securities and Exchange Commission.

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