Friday, November 12, 2004


Ocean Resources Recovers First Metals From Mediterranean Wreck


DALLAS, Nov. 9, 2004

--Ocean Resources, Inc. today announced the recovery of the first metal ingots from the wreck of a World War I merchant ship in the Mediterranean Sea.

The first lifts of 100 lb. tin ingots were recovered from in and around a section of the hull.

The weather conditions on site are ideal and the recovery is continuing as scheduled. Ocean Resources’ ROGE deep-sea recovery system is performing flawlessly, said the company.

Ocean Resources will issue news bulletins, pictures, and video detailing the progress of this recovery operation.

The wreck carries a manifested cargo of tin ingots and other metals currently valued at $2.5 million (at current spot market valuation).

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