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Odyssey Board Member George E. Lackman, Jr. Passes

Tampa, FL - April 3, 2008 - Odyssey Marine Exploration, Inc. (NasdaqCM: OMEX) today announced with sadness the loss of Board Member George E. Lackman, Jr. on March 29, 2008 at the age of 77. Mr. Lackman served as a Director from November 2002 until his death.

"We are deeply saddened by the loss of our trusted board member and friend, George Lackman, whose broad business experience and sound advice were an invaluable contribution to Odyssey's operations over many years. Our sincere condolences go out to George's family and loved ones. His sharp wit, warm personality, and great sense of humor will be greatly missed and will continue to live on in our memories," said Greg Stemm, Odyssey Chief Executive Officer.

The Board of Directors' governance committee will meet, in due course and in accordance with Board policies, to nominate a successor.

Mr. Lackman, a Tampa, Florida native, joined Odyssey Board of Directors in 2002, bringing his experience from a distinguished career in banking, business operations, shipbuilding, international business and public service to the Company. He was founding Chairman and President of Citrus Park Bank, which was sold to Florida National Bank in 1985. As a senior officer of Florida National he served at different times as Head of Retail Banking, Business Banking and Commercial Banking for the Tampa area. Following the merger of Florida National and First Union National Bank he started the first Private Banking Program in the Tampa area for First Union. He retired from First Union as Vice President of Corporate Development.

Active in Tampa Port affairs for many years, Mr. Lackman spent 25 years in the shipyard business including service as Vice President of Tampa Ship Repair and Dry Dock Company, Tampa's largest shipyard. He was President of Nutri-Sol Chemical Company, Marine Insulation Company, Corban Industries and Acetogen Gas Company of Florida. Mr. Lackman's international experience spanned service as President of an International Investment Group, Chairman of the Tampa Chamber of Commerce International Board and as President/Chairman of the Tampa Bay International Business Council. He also served as an Advisor to the Central American Banks with specific emphasis on Guatemala.

As a civic leader, Mr. Lackman focused on health care with emphasis on services to reduce infant mortality and improve prenatal care. His leadership contributions ranged from Tampa city organizations to statewide groups, including significant service as the organizer and chair of a state-sponsored health management organization. His involvement in community affairs included leadership in major groups associated with business, development and higher education. Well known for his hobby of delivering yachts throughout the Atlantic seaboard, the Caribbean Islands, Mexico and the Lower Pacific Ocean, George Lackman was also recognized throughout the fishing world as an inventor and held patents on currently manufactured weedless propellers used on electric fishing motors. Mr. Lackman attended the Georgia Institute of Technology and served as a commissioned officer in the United States Army Corps of Engineers during the Korean War.

About Odyssey Marine Exploration, Inc.

Odyssey Marine Exploration, Inc. (NasdaqCM: OMEX) is engaged in the archaeologically sensitive exploration and recovery of shipwrecks and uses innovative methods and state-of-the-art technology to conduct extensive search and archaeological recovery operations around the world. Odyssey discovered the Civil War era shipwreck of the SS Republic in 2003 and recovered over 50,000 coins and 14,000 artifacts from the site nearly 1,700 feet deep. In May 2007, the Company announced the largest historic deep-ocean treasure recovery of over 500,000 silver and gold coins, weighing 17 tons, from a Colonial era site code-named "Black Swan. " Most recently, Odyssey was named sole custodian for a shipwreck site code-named "Firefly" off the coast of North Carolina. In addition, Odyssey has several shipwreck projects in various stages of development around the world.

Odyssey offers various ways to share in the excitement of deep-ocean exploration by making shipwreck treasures and artifacts available to collectors, the general public and students through its webstore, exhibits, books, videos, merchandise, and educational programs. Odyssey's "SHIPWRECK! Pirates & Treasure" exhibit recently ended its successful seven month engagement at the Tampa Museum of Science and Industry and is now open at the Detroit Science Center. For details on the Company's activities and its commitment to the preservation of maritime heritage please visit

For more information please contact Natja Igney, Odyssey's Manager of Corporate Communications, at (813) 876-1776 x 2553.

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Odyssey Marine Exploration 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" in the Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2006, which has been filed with the Securities and Exchange Commission.

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