Seafarer Receives Two-Year Extension of DEP Permit

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Oct 10, 2013, 09:00 ET

TAMPA, Fla., Oct. 10, 2013 /PRNewswire/ -- Seafarer Exploration Corp. (OTCQB:SFRX) ), a company focused on the archaeologically-sensitive exploration and recovery of historic shipwrecks announced the Florida Department of Environmental Protection has granted Seafarer a two-year extension to the environmental permit for the Juno Beach site to December 9, 2015. Seafarer wishes to thank the entire Southeast District Office for their prompt professional services and guidance.

Kyle Kennedy (Seafarer CEO) stated, "We are taking a more proactive role to ensure a seamless transition as our permits come up for renewal. We continue to see progress on the Juno Beach project. We have located some interesting artifacts which may further help to determine the time frame of this potentially sizable colonial era shipwreck. Each artifact helps articulate a piece of history and we hope to eventually answer a lot of additional questions about the site's past such as the name of the ship, how it wrecked, and what it was carrying, among many others."

Mr. Kennedy continued, "We are also in the process of completing an archaeological Research Design to be submitted to the Florida Bureau of Archaeological Research in order to eventually receive our third permit. The history and copious amount of recorded data our archaeologist have in their possession on this third site is very enlightening. Especially when combined with some of the historic artifacts already found and believed to be in the possession of the State of Florida, lends credence to the potential historic and archaeological significance of this site."

Mr. Kennedy finished by stating, "We are also continuing to explore and review data on other possible shipwreck sites around the Florida coastline to plan for sites 4 and 5. Although there have been a number of sites presented to us by third parties, we believe it is imperative to perform extensive background research before committing to a site. In determining these sites, we try to answer the following questions; what is the historic significance of the site, the name or names of the ships that wrecked, the cargo and other contents that were being transported, were there any previous salvage attempts, and a reasonable approximation of the location of the wreck or wrecks. These factors will be researched in depth by our archaeologists to help us select our potential sites and then the research will be given to the State of Florida."

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.