Treasure & Shipwreck Recovery (OTCPK

BLIS) announces Definitive Agreement for Merger and Acquisition with Defense and Construction Contracting Firm Native American Pride Constructors, LLC. (NAPC) - Seite 3

• The face value of all BLIS debt will be converted at a common share price pre-split price of $0.03 per share (post-split price of $0.18 per share). Noteholders will be provided a warrant to purchase additional shares at pre-split price of $0.04 per share (post-split price of $0.24 per share) in lieu of interest payments.
  

• Assets sales from BLIS will be used to pay any merger, accounting, or additional costs to complete the merger in an effort to keep NAPC debt free.
  

• BLIS /TSR has officially turned over control of the entity to NAPC, and existing officers and directors at BLIS /TSR have resigned.
  

The senior management team at NAPC is represented as follows:

• Kenny West, CEO – [e-mail]
• Stephen Gurba, President – [e-mail]
• John Spence, CFO – [e-mail]
  

NAPC CEO, Kenny West stated, “We have come to fair and equitable terms to merge with BLIS. Due to the support we have received from BLIS debt holders and several of its common stockholders, we agreed to terms that should be viewed as very favorable to current investors in TSR, while positioning NAPC for the future.”

West further stated, “It is our goal to achieve revenue and earnings over the coming years that will qualify us to trade on the NASDAQ. With Corner Shot USA and the brokering business along with our current construction business, we have a company that makes good sense for investors. Our goal is to be one of the strongest growth companies in the U.S. for years to come.”

Outgoing CEO and founder of TSR, Craig Huffman, stated, “The opportunities that NAPC brings to TSR shareholders are deep. Leaving the treasure business for this opportunity, knowing the players in depth for two decades, is simply the best situation that could be realized.” Huffman will remain available for legal services for the Company.

About Native American Pride Contractors, LLC

Native American Pride Constructors, LLC (https://www.napconstructorsgov.com/) is a total solutions contractor licensed, certified and experienced in many aspects of construction services. NAPC benefits from the ability to bid and win contracts that are set aside in the Defense industry and the Department of Veterans Affairs for Certified Service Disable Veteran Owned Small Business (SDVOSB). NAPC will also produce and sell Corner Shot USA weapons systems through an exclusive licensing agreement as well as many munitions brokered throughout the world all with US State Department approval.