MEXP Finds its First Historic Shipwreck.

It's been a frenetic few weeks for the editorial team at Small Cap Sentinel. It seems every time we turn our heads there is some sort of breakout for a public company we're watching. Today, it happened again for Marine Exploration, Inc. (OTCBB:MEXP). Regular readers have received our briefings on MEXP and perhaps were tuned-in today when Marine Exploration, a company that's looking in the Caribbean for sunken treasure, announced that it had found a ship lost in the 1700's.

This news, excerpted below, fueled a price and volume breakout resulting in MEXP shares closing up 76%.

Marine Exploration, it appears, is off to a pretty good start in its pursuit of treasure for investors.

JUNE 15, 2009, MIAMI---Marine Exploration, Inc. (OTCBB: MEXP) announces Burt D. Webber, Jr. of joint venture partner Hispaniola Ventures, LLC has located a previously undiscovered shipwreck on the North West Reef of the Silver Bank, Dominican Republic. Funded by Marine Exploration, Inc., Mr. Webber has returned to the Silver Bank after thirty years with new historic research, and new underwater technological developments in the field of remote sensing survey and salvage. This latest shipwreck was found within the first twenty days of surveying the reef. The artifacts recovered during the proofing excavations have proved to date the ship between 1725 and 1745. The nationality is believed to be British. All artifacts were inventoried and turned over to the Dominican Republic Sub-Aquatic Office in Santo Domingo.

Mark Goldberg, CEO of Marine Exploration, Inc. states, "The Company is thrilled to have made this discovery on its first official exploration voyage off the Dominican Republic. The crew performed with excellence, and our state-of-the-art equipment was proven absolutely reliable and effective; especially the Webber designed diver operated cesium magnetometers that can now locate shipwrecks which surface-towed magnetometers could never find in complex coral reef environments."

Marine Exploration, Inc., and joint venture partner Hispaniola Ventures, LLC headed by Burt D. Webber, Jr., expect to continue the surveys and anticipate locating and recovering historic shipwrecks with valuable artifacts and treasure. Working under exclusive contract with the Dominican Republic, the Company has plans in place to pursue multiple notable shipwrecks in Dominican Republic territorial and jurisdictional waters.

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