In the news release, Marine Exploration (Pink Sheets: MEXP) Announces Contract Wednesday, December 19, 2007, issued earlier today by Marine Exploration Inc. over PR Newswire, we advise readers that this release is a corrected version of a release which was issued over PR Newswire on Oct. 4, 2007, with the headline "Marine Exploration Inc. (OTC: MEXP) - Begins Trading With Over $600,000,000.00 in Treasure Salvage Contracts." Complete, corrected release follows: MIAMI, Dec. 19 /PRNewswire-FirstCall/ -- Marine Exploration Inc. (MEI) is now trading on the Pink Sheets under stock symbol MEXP. Marine Exploration Inc. is designed to bring together world renowned, successful explorers, researchers and skilled divers to locate and salvage treasure ships in the Caribbean Sea. Marine Exploration Inc. in conjunction with joint venture partner, legendary treasure explorer and salvager Burt Webber, has commenced operations in the Caribbean. By using the latest high tech equipment, designed and licensed specifically for each mission under exclusive development contracts, MEI is setting the new standard for research-based treasure exploration in its mission. Of the two projects that MEI has contracted for, our expert has estimated that there may be as much as $500,000,000 in recoverable salvage of ancient gold, silver, gems, Ming dynasty china and one-of-a-kind valuables. (Logo: http://www.newscom.com/cgi-bin/prnh/20071219/LAW103LOGO) About the Company: In conjunction with joint venture partner, renowned treasure explorer and salvager Burt Webber, the company holds exclusive permits with the government of the Dominican Republic to conduct search and recovery operations on the Silver Bank. Significant archival research has closely narrowed the probable wreck sites to the extent that dedicated survey operations should require no more than two to five months to yield desirable results. Long Term, Marine Exploration Inc. intends to pursue dozens of notable shipwrecks worldwide. This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. DATASOURCE: Marine Exploration Inc.

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