Seafarer Obtains Dig and Identify on Lantana Sit

Seafarer Obtains Dig and Identify on Lantana Site

TAMPA, Fla., Feb. 21, 2013 /PRNewswire/ -- Seafarer Exploration Corporation (Seafarer) (OTCQB: SFRX)  announced today that they have completed phase I on a shipwreck site located near Lantana Beach, FL and are moving into Phase II, a dig and identify permit which allows Seafarer to dig and determine various artifacts to help identify the ship. The final phase of excavation will be Phase III, full salvage.

Seafarer received a permit from the State of Florida for a shipwreck site located off of Lantana Beach, Florida in 2012. The site has recently been surveyed using a Geometrics 882 Cesium Vapor Magnetometer and this survey work showed compelling evidence that a large part of the ship lies buried in a relatively compacted area. Having completed phase I of the mapping survey and underwater video, Seafarer is preparing to begin digging and identifying the wreck. Items found and documented on this site in past explorations by third parties suggest the wreck could be a French or Spanish ship from the late 1600s. It will require more work to determine with accuracy.

Kyle Kennedy, Seafarer's CEO, stated "While we have dig sites currently under permit, the Lantana Beach site represents one of our more intriguing ventures. In many cases historic shipwrecks are spread out over wide areas which can cause exploration and recovery to be very time consuming and expensive but this particular site looks very compact. We are very excited by what we discovered in Phase I and are eagerly anticipating Phase II which will begin immediately after obtaining our Department of Environmental Protection and US Army Corps of Engineers permits."

Seafarer also announced a new collaboration with Dr. John de Bry, a paleographer specializing in sixteenth- through eighteenth-century French, Spanish and English manuscripts who also serves as the Director of the Center for Historical Archaeology in Melbourne, FL.  Dr. de Bry has also participated in a number of field excavation projects in the United States, the Caribbean, South America and the Philippines and will provide technical expertise on Seafarer's many excavation projects.

"We are moving forward on various fronts," Kennedy continued. "In addition to the Lantana Beach site we are continuing to conduct exploration at a site near Juno Beach, FL site, and are beginning a research and design report for a proposed salvage permit on another site in northern Florida.  While not involved in salvage, Dr. de Bry will give us excellent guidance in these, and many other endeavors, to help us identify what we have uncovered as well as providing additional training in conservation and in-depth research.  His research and reports will be shared with the state of Florida Bureau of Archaeological Research to further their body of knowledge and help future generations."

Dr. de Bry added "I am pleased to provide guidance to Seafarer and look forward to helping them raise the bar in archaeology standards and procedures. With an in-depth database developed over 40 years, I should be able to provide significant research and identification of artifacts, which will be shared with the state of Florida Bureau of Archaeological Research."

Further bio on Dr. John de Bry:

Dr. John de Bry is a world-known Historical archaeologist, historian and paleographer specializing in 16th through 18th century French, Spanish, and English manuscripts. He has conducted extensive research in European repositories. One of Dr. de Bry's expertise and specialties is the underwater archaeology of Spanish, French, and English shipwrecks and the analysis, dating and identification of material culture. He has participated in a numerous excavation projects in the U.S. (including high profile projects such as the La Salle Shipwreck Project; see April 1997 Smithsonian Magazine, and the May 1997 issue of National Geographic Magazine), the Caribbean, South America, Madagascar, and the Philippines. He holds a MA in history and a doctorate in Post-Medieval History. He currently serves as the Director of the Center for Historical Archaeology in Melbourne Beach, Florida. Dr. de Bry is also a direct descendant of the Fleming engraver Theodore de Bry who published, with the help of his family, the Great Voyages, notably the 1591 Brevis narratio that depicted and narrated the second voyage to Florida by Rene de Goulaine de Laudonniere and the establishment of Ft. Caroline. A member of the Florida Archaeological Council, he works in close collaboration with various universities and museums as well as the State of Florida's Bureau of Archaeological Research in Tallahassee.

(http://historicalarchaeology.org/)

Seafarer is currently pursuing other projects and wreck sites and would like to extend an invitation to anyone who might have discovered a wreck site or something of historical importance to contact us.

About Seafarer Exploration Corp. (www.seafarercorp.com)

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 exploration, documentation, and recovery of historic shipwrecks. The company has primarily focused on efforts to locate and recover artifacts and cargo from what is believed to be a sunken Spanish ship off the coast of Juno Beach, Florida. Management believes that if artifacts and cargo are recovered, a portion of the recovered items will be in the form of treasure such as dated coins, gold and silver bullion, and emeralds. Additionally, the company has also been mapping and surveying their second site off of Lantana Beach, Florida, with positive results.

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 Corporation

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