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Grand Opening Of Odyssey's Shipwreck & Treasure Adventure Scheduled

French Quarter Attraction to open Saturday, August 27th

Tampa, FL - July 28, 2005 - Odyssey Marine Exploration, Inc. (AMEX: OMR), a leader in the field of deep-ocean shipwreck exploration, has scheduled the grand opening of Odyssey's Shipwreck and Treasure Adventure, the Company's new interactive attraction in New Orleans, on Saturday, August 27, 2005.

Odyssey's Shipwreck & Treasure Adventure's grand opening festivities will kick off at 10 a.m. with a traditional New Orleans "second line" parade through the streets of the French Quarter, followed by welcoming remarks and a ribbon cutting ceremony with New Orleans dignitaries. The attraction will then open to the public at 12 noon.

Located in the Jax Brewery in the French Quarter, Odyssey's Shipwreck & Treasure Adventure appeals to the universal fascination with shipwrecks and sunken treasure. The attraction reveals the compelling stories behind some of the world's most famous shipwrecks, their treasure and historical artifacts, and it allows visitors to experience the adventure and excitement of deep-ocean shipwreck exploration through multiple hands-on exhibits. Odyssey's Shipwreck & Treasure Adventure appeals to both adults and children, and to advanced or amateur ocean explorers alike.

The attraction will feature the SS Republic, a Civil War-era ship with an intriguing connection to New Orleans. The ship sank in a hurricane off the coast of Georgia while sailing from New York to New Orleans in 1865. Odyssey discovered the Republic nearly 1,700 feet below the surface of the Atlantic Ocean in the summer of 2003 - nearly 138 years after the ship went down. More than 51,000 gold and silver coins, and approximately 13,000 additional artifacts, were recovered in the world's most extensive deep-ocean archaeological excavation.

Odyssey's Shipwreck & Treasure Adventure's regular hours of operation will be Monday through Saturday, 9 a.m. to 8:00 p.m., and Sunday, 10 a.m. to 7 p.m. Cost is $13.95 for adults and $8.95 for children ages 4-12. Annual passes will be available for $28 for adults and $18 for children (ages 4-12), Seniors (age 60 and above) $24. For more information about the New Orleans attraction, please visit www.shipwreckandtreasure.com.

For additional information about Odyssey Marine Exploration, please contact John McNeilly, the Company's Manager of Corporate Communications, at 813-876-1776.

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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, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. 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/A for the year ended December 31, 2004, which has been filed with the Securities and Exchange Commission.

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