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Odyssey Marine Responds to Meson Capital "Short & Distort" Piece



Odyssey Marine Responds to Meson Capital "Short & Distort" Piece

TAMPA, Fla., Nov. 1, 2013 (GLOBE NEWSWIRE) -- Yesterday afternoon, a
commentary about Odyssey Marine Exploration, Inc. (Nasdaq:OMEX) was
distributed by Ryan Morris of Meson Capital Partners LLC. The author never
contacted the company for clarifications or answers to his questions. Had he
done so, Odyssey would have pointed out factual errors, incomplete information
and erroneous conclusions which are rebutted by Odyssey's public filings and
other publicly available information. Odyssey is confident its existing public
disclosures are accurate in all material respects, and that the company has
provided a clear and concise explanation of all material information about the
company and its relationships with associated companies and individuals.

Odyssey's management believes that it is in the best interest of our
shareholders to remain focused on business rather than debating or responding
to rumor and innuendo. However, due to the number of inquiries to the company,
management felt it important to reaffirm and stand by the accuracy of all
information which has been released by the company. It is also important for
interested parties to carefully consider the statement the author made on the
first page of his editorial attacking the company (emphasis added):

  "You should assume that as of the publication date of our reports and
  research, Meson Capital Partners, LLC (possibly along with or through our
  members, partners, affiliates, employees, and/or consultants) along with our
  clients and/or investors has a short position in all stocks (and/or options,
  swaps, and other derivatives related to the stock) and bonds covered herein,
  and therefore stands to realize significant gains in the event that the
  price of either declines."

The company believes this statement by the author, and the likelihood that
this is part of an attempt to profit from a "short and distort" strategy,
calls into question the motivation and intent behind the allegations as well
as the timing of its release. Accordingly market authorities have been
notified.

Next week Odyssey management plans to host a conference call to discuss
corporate developments and to address the false and misleading statements and
innuendo in the Meson Capital piece. The call date and dial-in instructions
will be issued in a press release early next week.

About Odyssey Marine Exploration

Odyssey Marine Exploration, Inc. (Nasdaq:OMEX) is engaged in deep-ocean
exploration using innovative methods and state of-the-art technology for
shipwreck projects and mineral exploration. For additional details, please
visit www.odysseymarine.com. The company also maintains a Facebook page at
http://www.facebook.com/OdysseyMarine and a Twitter feed @OdysseyMarine.For
additional details on Odyssey Marine Exploration, please visit
www.odysseymarine.com.

Forward-Looking Information

Odyssey Marine Exploration believes the information set forth in this Press
Release may include "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Act of 1934. Certain
factors that could cause results to differ materially from those projected in
the forward-looking statements are set forth in "Risk Factors" in Part I, Item
1A of the Company's Annual Report on Form 10-K for the year ended December 31,
2012, which has been filed with the Securities and Exchange Commission.

CONTACT: MEDIA CONTACT:
         Liz Shows
         Odyssey Marine Exploration, Inc
         (813) 876-1776 x 2335
         lshows@odysseymarine.com
        
         INVESTOR RELATIONS CONTACT:
         Ron Both
         Liolios Group, Inc.
         (949)574-3860
         OMEX@liolios.com

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