Odyssey Marine Exploration Hurricane Katrina Update

Date: 1/10/2005

Company Evacuates High-Value Artifacts and Treasure. Odyssey Marine Exploration (AMEX: OMR), a leader in the field of deep-ocean shipwreck exploration, has provided an regarding Odyssey’s Shipwreck and Treasure Adventure in New Orleans, LA, and the after-effects of Hurricane Katrina. The Company reiterated that the Jax Brewery building in which the attraction resides appears structurally sound, that there was no flooding in the immediate area, and that security conditions on the streets of the French Quarter have stabilized. No damage resulting from looting, fires, or flooding have been reported to the Jax building or the Odyssey attraction or any of its exhibits. Additionally, Odyssey was able to safely remove all irreplaceable artifacts and valuables including all coins and other high-value items from New Orleans.

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