Odyssey CEO Mark Gordon to Deliver Keynote and Investor Presentation at The LD 500 Virtual Investor Conference August 31 and September 3 - Seite 2

Several long-term Odyssey investors and litigation investment funds, including Kairos Litigation Opportunity Funds and FourWorld Capital Management are also included in the investor group. The Company believes that the large investments made after intensive due diligence by these funds, which specialize in evaluating litigation risk and potential, is an additional strong endorsement of the merits of Odyssey’s NAFTA case.

“To achieve the best outcome for Odyssey shareholders, whether through the full NAFTA process or through an earlier settlement, it is imperative that Odyssey and ExO have sufficient cash to last through the outside dates associated with the expected NAFTA timeline. The new financing does exactly that, while allowing us to make investments to create accretion in the phosphate project,” stated Mark Gordon. “This is also extremely significant in terms of management focus.  Based on current budgets and forecasts, this capital will provide Odyssey with the longest duration of operating capital in its 26-year history.  There has not been a point in time during our entire history where management did not have to dedicate some portion of its focus to capital raising activities. For the coming years, management can now turn our full attention to producing value-creating results for shareholders.

“As we put the finishing touches on our first Memorial filing in the NAFTA case, we are more confident than ever in the merits of our case. This will be Mexico’s first opportunity to review the evidence, which strongly corroborates the prior unanimous decision of Mexico’s own federal court in 2018 that the denial of the environmental permit was illegal under Mexican environmental law,” continued Gordon.

“Although the financing was designed to ensure that we have sufficient cash to last through the full duration of the arbitration process, we continue to believe a mutually beneficial settlement is in Mexico’s and our shareholder’s best interests. Mexico imports almost 60% of its phosphate rock, and a significant portion of Mexico’s arable land remains unfertilized. This project can help Mexico become a net exporter of fertilizer and achieve food security for its citizens,” added Gordon.

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 to provide access to critical resources worldwide. Our core focus is the discovery, development and extraction of deep-ocean minerals. Odyssey also provides marine services for private clients and governments. For additional details, please visit www.odysseymarine.com.