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Odyssey Requests Delisting From German Stock Exchanges

TAMPA, FL - MAY 19, 2004 - Odyssey Marine Exploration, Inc (AMEX:OMR), a leader in the field of deep ocean shipwreck exploration, recently learned the Company's stock had been listed on the Berlin and Frankfurt Stock Exchanges and on the XETRA without the Company's authorization.

Odyssey management believes there is no benefit to the company in being listed in Germany since we conduct no business in Germany and we have no data that suggests that we have a significant number of German shareholders at this time. We have requested to be immediately delisted from the Berlin and Frankfurt Stock Exchanges and from the XETRA, an electronic trading system in Germany. Based upon information received from the brokerage firm in Berlin which initiated these listings, all three delistings should be effective at the close of business today, May 19, 2004.

Odyssey Marine Exploration is an American Stock Exchange Company (Ticker symbol: OMR) with several shipwreck projects in various stages of development throughout the world, including the SS Republic and HMS Sussex projects. The company's vessel Odyssey Explorer is currently conducting the archaeological excavation of the SS Republic and the company's second ship, RV Odyssey, is conducting search operations on a number of additional projects in the Atlantic ocean.

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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