Seafarer Obtains 3 Year Permit To Third Shipwreck Site Near Cape Canaveral, Florida

Solid silver artifacts already obtained from this site can be viewed at seafarercorp.com

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Jul 29, 2014, 09:00 ET

TAMPA, Fla., July 29, 2014 /PRNewswire/ -- Seafarer Exploration Corporation (OTCQB: SFRX), a company focused on archeologically sensitive exploration, research and recovery of historic shipwrecks is pleased to announce that Seafarer's Quest, LLC has successfully been granted a three year research permit for the shipwreck site south of Cape Canaveral from the Florida Bureau of Archaeology Research.

"We are so excited about this site!" exclaimed Kyle Kennedy, CEO of Seafarer.

"The complexities of this particular permit dictated a much longer time horizon, but hopefully good things come to those who wait. The long awaited issuance of this permit allows Seafarer to begin the investigation, research and archaeological excavation of this very exciting historical site. There have already been several artifacts discovered, some solid silver and a pistol with a visible date of 1709 and the name of the maker," added Mr. Kennedy.

Previous research of this area produced artifacts of significant importance that led well known archaeologists to believe there is an 18^th century historical shipwreck in this vicinity. "These artifacts are currently being held by the State of Florida and will be pictured on our website (www.seafarercorp.com). In addition, video of the underwater work being done at the Juno Beach site has been added to the website as well," stated Mr. Kennedy.

"We are extremely thrilled to get started on this third site. Weather permitting, work will begin immediately. The site will require a lot of work, time, and testing to further understand the characteristics and difficulties of this particular site," added Mr. Kennedy.

"Furthermore," Mr. Kennedy continued, "Seafarer Exploration wants to personally thank the Florida State officials and employees for their help and guidance throughout this process. We owe a tremendous debt of gratitude to Director and State Historic Preservation Officer, Robert Bendus, and Bureau Chief and State Archaeologist Dr. Mary Glowacki for their timeless commitment to responsible archaeological preservation and for working with us to ensure all issues were properly handled. Seafarer is strongly committed to using proper archaeological techniques because it is important to preserve the historical and archaeological integrity of the site. We commit ourselves to making sure their trust in our company is warranted."

Mr. Kennedy finished by stating, "While we are excited to finally get started on this third site, we are not complacent about pursuing other potential sites. We have clearly defined sites, some in Florida, and some on the east coast of the United States. We have also had some correspondence about sites outside of the United States, but still in shallow water. We are executing our plan to increase the probability of success and ultimately build shareholder value in the coming months and years."

About Seafarer Exploration

Seafarer Exploration Corp. is a publicly traded underwater salvage and exploration company. The principal business of the company is to develop the infrastructure necessary to engage in the archaeologically-sensitive research, documentation, exploration and recovery of historic shipwrecks. The company is attempting to secure multiple sites it believes may contain historic shipwrecks. The company will use accepted archaeological methods to properly document, research and recover portions of the wrecks.

Disclaimer:

The press release may include certain statements that are not descriptions of historical facts but are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects," or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectation and actual results may vary (perhaps materially) from certain of the results anticipated herein.

Contact:

Kyle Kennedy
(813) 448-3577

SOURCE Seafarer Exploration Corp.