Treasure & Shipwreck Recovery (OTCPK

BLIS) receives Treasure Allocation from 2021 and 2022 Seasons

Valuables include Spanish gold coins, a rare British musket, and a gemstone ring

FORT PIERCE, Fla., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Treasure & Shipwreck Recovery, Inc. ("TSR" or "the Company"), trading as (OTCPK: BLIS), announces it has recently received its allocation of treasure it found along Florida’s Treasure Coast during the 2021 and 2022 seasons. The area worked was within the largest allowed historic shipwreck salvage operation in Florida. This zone is located within 3 nautical miles (nm) from the beach in southern Florida and, therefore, within State of Florida waters. All treasure found in these particular waters is subject to a court ordered division, including the site holder and the State of Florida, before TSR receives its portion during a selection.

TSR will soon post photos of its allocated treasure, and plans to sell items to help fund continued operations as well as its upcoming aggressive quest to locate virgin shipwrecks beyond the 3 nm zone from the Florida coast.

Last week, it was announced that TSR will begin a long-planned, targeted search for virgin shipwrecks with “Motherlode” amounts of treasure onboard beyond State of Florida waters. The Company is targeting five shipwrecks that are believed to be located in a specific zone. It is estimated that each ship carries valuable cargo worth anywhere from $250 million to over $1 billion, in current U.S. dollars, based on historical research and archives.

Since these targeted wrecks are located outside three nautical miles from Florida off the Atlantic coast, they are not subject to any permits or sharing with the State beyond customary corporate taxes on profits.

See below for a list of recoveries for TSR from 2021 and 2022:

• One emerald and amethyst ring, value being determined and working with site owner to consider making replicas, value estimate at 150-200k (shared ownership)
  

• A total of six size 8 Reales (Spanish silver coins) to be valued from Mexico Mint, Years to TBD, Value varies on Grade
  

• A total of twenty-two Spanish Reales in demonations of 1, 2 and 4 Reales - From 1715 Wrecks, Value TBD
  

• A total of twenty-two size 2 Reales - coins from the Mexican Spanish government / Mexico mint dating from 1780 to early 1800’s - Charles and Philip facials, Value TBD
  

• One intact large “onion jar” based on shape is name - value is significant due to the age and rarity of the 1715 wreck
  

• Two brass belt buckles, value to be determined after refinishing is complete