SFRX Seafarer Exploration Corp (PK)

Seafarer Exploration Corp. (OTCBB: SFRX), a company focused on the archaeologically-sensitive exploration and recovery of historic shipwrecks with an emphasis on recovering treasure and understanding historical events surrounding shipwrecks, announced today the Company has received from the Division of Historical Resources a 3 year 1A-31 Exploration Permit for an area identified off of Lantana Beach, Florida.

Kyle Kennedy, CEO of Seafarer Exploration Corp., commented, "We are thrilled to receive our second 3 year permit from the Florida Department of State Division of Historical Resources and are excited to begin mapping work on a new site. We want to especially thank Division Director Robert Bendus and his staff and Bureau Chief Dr. Mary Glowacki and her staff for continued guidance and support. We also want to thank Joe and Rhonda Albert for their trust and confidence in Seafarer to secure a permit with the State to further develop and learn from a historic site he found over 15 years ago."

Joe Albert stated, "I cannot begin to tell you how excited we are to finally have a permit on this site after pursuing it for over 15 years. I had found some interesting artifacts when I originally worked the site with a discovery permit including a fully loaded rail cannon. We did not have a salvage permit at the time, so items like the rail cannon, found back then, went to the State and is now on public display at the Lantana City Hall. I am confident with the leadership of Seafarer, we will ultimately find a lot of additional artifacts from this site and learn considerably more of our past. I also want to personally thank Kyle Kennedy for his continued negotiations with the State and not giving up on us. From my past experience, I feel very strongly it will be worth his effort."

Mr. Kennedy concluded, "Whereas a lot of archaeological work, time, effort and money have already gone into securing our second permit, we know the work load is just beginning and believe the continued effort will ultimately help build shareholder value. Also as an update, we are very pleased with the improvements and repairs we made to the Iron Maiden. At our Juno Beach location, we have been finding targets at depths over 60 feet which could not be reached before and we can go deeper. From each identified target, we learn something further about our site. I would also like to add we are 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 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.

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.

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Kyle Kennedy (813) 448-3577