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Odyssey Marine Exploration To Ring Opening Bell at NASDAQ MarketSite



Tampa, FL - March 23, 2009 - Odyssey Marine Exploration, Inc. (NasdaqCM: OMEX), pioneer in the field of deep-ocean shipwreck exploration, will ring the Opening Bell at NASDAQ MarketSite in New York on Wednesday, March 25, 2009 at 9.30 EST. The Ceremony can be watched live by logging in at http://www.nasdaq.com/about/marketsitetowervideo.asx starting at 9.15 am EST.

"Ringing the Opening Bell at NASDAQ, one of the world's most prestigious stock exchanges, is a great honor. It's also a great way to celebrate the kick-off of our 2009 operational season, which we hope will be as productive as our past several seasons. In 2007 we announced the world's largest treasure find of over 500,000 silver and gold coins, weighing 17 tons, from the "Black Swan" site, and in 2008 we located Admiral Balchin's HMS Victory, one of the most significant naval shipwreck discoveries in history. While we are proud of the pioneering work we do in the emerging field of deep-ocean shipwreck exploration, we, as NASDAQ's only publicly traded firm in our industry, are also conscious of the responsibility we have to build shareholder value," said Greg Stemm, Odyssey's CEO and Chairman of the Board.

Odyssey's work during the 2008 operational season in the "Atlas" area is currently being featured in "Treasure Quest", a primetime reality show airing on Discovery Channel. Originally planned as an 11-part series, Discovery Channel will air a bonus episode on Thursday, April 2 at 10 pm, reviewing the events leading up to and following the "Black Swan" discovery, including the historic moment of the discovery of the largest shipwreck treasure ever recovered.

About Odyssey Marine Exploration

Odyssey Marine Exploration, Inc. (NasdaqCM: OMEX) is engaged in the exploration of deep-ocean 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 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." In February 2009, Odyssey announced the discovery of Balchin's HMS Victory. The Company also has other 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, television, merchandise, and educational programs.

JWM Productions recently concluded filming Odyssey's 2008 "Atlas" expeditions for an 11-part primetime series for Discovery Channel, which premiered in early 2009 in the United States and the United Kingdom, and which is scheduled to air worldwide later in 2009. Following previous successful engagements in New Orleans, Tampa, and Detroit, Odyssey's "SHIPWRECK! Pirates & Treasure" exhibit is currently on display at Science Center Oklahoma in Oklahoma City, OK through May 2009. For details on the Company's activities and its commitment to the preservation of maritime heritage please visit www.shipwreck.net.

For more detailed information on Odyssey, please contact Natja Igney, Odyssey's Manager of Corporate Communications, at 813-876-1776.

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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," and "Business" in the Company's Annual Report on Form 10-K for the year ended December 31, 2008, which has been filed with the Securities and Exchange Commission.

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