Odyssey Obtains Default Judgment on Admiralty Arrest of Shipwreck

Tampa, FL -- May 16, 2007 -- Odyssey Marine Exploration (AMEX: OMR), the world's leader in the field of deep-ocean shipwreck exploration announced today that it has received a default judgment from the U.S. District Court for the Middle District of Florida on the admiralty arrest complaint filed by the Company with the court in September 2006.

This default judgment grants Odyssey all requests in the original complaint, including sole and exclusive ownership of the shipwreck site, believed to be the remains of a Colonial period shipwreck located in the Atlantic Ocean outside the territorial waters of any nation.

About Odyssey Marine Exploration

Odyssey Marine Exploration is a Publicly Traded US Company with several shipwreck projects in various stages of development throughout the world. Additional information about Odyssey, its projects and methodologies, is available at www.shipwreck.net.

For additional information, please contact Natja Igney, Odyssey's Manager of Corporate Communications, at 813-876-1776 ext 2553.