CLEARWATER, Fla., Nov. 5, 2014 (GLOBE NEWSWIRE) — Endurance
Exploration Group, Inc. (OTCQB:EXPL) (“Endurance” or the “Company”), a
company specializing in shipwreck research, survey and recovery,
announced the U.S. District Court for the Middle District of Florida,
Tampa Division (the “Court”) issued a warrant for the arrest of the
shipwreck Connaught and has taken jurisdiction over the wreck. The U.S.
Marshal’s arrested the hull fragments collected by Endurance.
Subsequent to the arrest, Endurance was appointed, by the Court, as
Substitute Custodian of the recovered hull fragment artifacts and any
future artifacts recovered from the Connaught.
Endurance CEO, Micah Eldred, said, “This completes our first legal
steps to establish our Company as salvor-in-possession of the wreck
and, depending on the nature and extent of any claims, will eventually
allow us a substantial salvage claim or full title to the ship and its
cargo including the gold coins we believe are still on board.” Mr.
Eldred went on to say, “We now move Endurance forward to fund and plan
the recovery of the Connaught in the spring or summer of 2015, but we
also intend to begin our search for our next target Black Marlin, as
soon as possible.”
About the S.S. Connaught:
Built in Ireland and launched in 1860, the 380-foot iron-hulled
side-wheel steamer S.S. Connaught was lauded as one of the largest and
most luxurious ocean-going liners in service, a true Titanic of her
time. Upon sinking on only her second voyage, the S.S. Connaught became
best known for her role in what has been called one of the most
courageous, daring and successful rescues in maritime history. All 591
of the ships passengers were saved by the heroic effort of a tiny fruit
transport ship, the Minni Schiffer and her Captain, John Wilson. The
Connaught sank on her way from St. John’s, Newfoundland to Boston,
Massachusetts with a shipment of [Pounds]10,000 of gold coins, possibly
intended for the use by a visiting member of the British royal family,
as well as the valuables of many of the passengers.
About the shipwreck code-named Black Marlin:
The Black Marlin is an 18th century merchant ship carried 4 separate
silver shipments including bullion and coins. Based upon archival
research, Endurance estimates the Black Marlin coin count at 400,000 to
500,000. The Company has secured the legal right to locate the ship and
recover her cargo while retaining 70% of its value.
About Endurance Exploration Group, Inc.:
Endurance Exploration Group, Inc. specializes in shipwreck research,
subsea search, survey and recovery of lost ship containing valuable
cargoes. Over the last 5 years, Endurance has developed a research
database of over 1,400 ships that are known to be lost, in the various
oceans of the world, with valuable cargoes. Endurance operates the
research vessel Haganes, side-scan sonar, Shackelton-1 and an ROV,