Seafarer Receives Two-year Extension of Corps Permit

TAMPA, Fla., Oct. 29, 2013 /PRNewswire/ -- Seafarer Exploration Corp (OTCQB: SFRX), a company focused on the archaeologically sensitive exploration, research, and recovery of historic shipwrecks, announced the U.S. Army Corps of Engineers (Corps) has granted Seafarer a two-year extension to the Corps Permit for the Juno Beach site to December 16, 2015.  Seafarer wishes to thank Melody White and the staff of the Regulatory Division South Permits Branch for their continued professionalism and helping us ensure a seamless transition of renewing our permits early.

Kyle Kennedy (Seafarer CEO) commented, "We continue to find what we believe are compelling artifacts on our Juno Beach Project which helps us to determine the direction of our future exploration and testing.  We are also working with the Florida Bureau of Archaeological Research with the objective of obtaining our third permit for site number three. Additionally, our archaeologists continue to gather research in foreign countries in order to compile data and further our knowledge base of our current shipwrecks and potential future shipwrecks.  Also, because of our past accomplishments and experiences, Seafarer's management feel very pleased with our current positioning and infrastructure to continue to build shareholder value.

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.