Seafarer Receives 3 Year Permit for Dredging Works (USA)

Seafarer Exploration Corp. announced today the company has received from the Division of Historical Resources a 1A-31 Recovery Permit active through April 25, 2014. The permit allows Seafarer the ability to dig and recover the designated site at Juno Beach, Florida using propwash deflectors (blowers) and dredges including other smaller specialized digging equipment for sensitive archaeological work.

Kyle Kennedy, CEO, stated: “This is fantastic. We are making history by being the first Company ever in Florida to receive a three year recovery permit. My thanks goes out to our dedicated staff and shareholders who have persevered through the battles and difficult challenges we have faced over the last year and a half. Through those adversities, we have come out stronger and better. We have targeted some areas of interest with the cesium vapor magnetometer survey which we will explore initially.

We have developed relationships, which should evolve into future partnerships and/or joint ventures to create an exciting year moving forward. We have explored other sites in both the US and abroad to expand our knowledge and possible opportunities. We are being given an exciting opportunity with great responsibility to perform over the next three years. This is the single most exciting time in our Company’s history. We are increasing our authorized shares to allow us the ability to capitalize our operations over time and finance future projects as they present themselves.

We have now positioned ourselves to maximize our true potential. And as one of our shareholders, Jeff Vortman constantly tells me “Go for the gold”, we certainly intend to.”

[mappress]

Source: seafarercorp, May 3, 2011;