American Ocean Minerals Corporation To Merge With Odyssey Marine Exploration, Inc., Creating A $1B U.S.-Controlled Deep-Sea Critical Minerals Platform

April 8 (Reuters) - Odyssey Marine Exploration Inc OMEX.O:

• AMERICAN OCEAN MINERALS CORPORATION TO MERGE WITH ODYSSEY MARINE EXPLORATION, INC., CREATING A $1B U.S.-CONTROLLED DEEP-SEA CRITICAL MINERALS PLATFORM

• ODYSSEY MARINE EXPLORATION INC: PRIOR TO MERGER, ODYSSEY INTENDS TO EFFECT A 25-FOR-1 REVERSE STOCK SPLIT OF ITS COMMON STOCK

• ODYSSEY MARINE EXPLORATION INC - TO DIVEST PHOSAGMEX, EXPECTED TO REMOVE $60 MILLION IN LIABILITIES

• ODYSSEY MARINE EXPLORATION INC: COMBINED COMPANY LEADERSHIP TO INCLUDE CHAIRMAN TOM ALBANESE AND CEO MARK JUSTH

• ODYSSEY MARINE EXPLORATION INC: COMBINED CO WILL OPERATE AS AMERICAN OCEAN MINERALS CORPORATION, EXPECTED TO TRADE ON NASDAQ UNDER "AOMC"