Treasure & Shipwreck Recovery (OTCPK: BLIS) receives Treasure Allocation from 2021 and 2022 Seasons

Rhea-AI Summary

TSR receives allocation of treasure found along Florida's Treasure Coast. Plans to sell items to fund operations and search for virgin shipwrecks. Estimated value of targeted wrecks is $250 million to over $1 billion. No negative impacts on stock price identified.

Positive

• TSR receives allocation of treasure
• Plans to sell items to fund operations
• Estimated value of targeted wrecks is $250 million to over $1 billion

Negative

• None.

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
  

• Four 5-pound cannon balls, value TBD, intact
  

• Numerous, over 50 musket balls - Including a split spent shot, and one buckshot
  

• Numerous pottery shards, Mexican or Chinese in origin, utensils, and other small items.
  

• One axe head, encrusted, large point value, to be cleaned
  

• One early 18th century beer or liquor bottle, intact

• One intact all metal mechanisms for Brown Bess musket (British) including intact barrel, intact ram rod, butt plate, firing mechanism, with flint intact, two additional flints, and musket balls .75 caliber, for a British Brown Bess Musket – Post 1750 - Value is significant - Unknown wreck
  

• One 7 pound stone filled with emerald gems – Value TBD, previously recovered
  
  

About Treasure & Shipwreck Recovery

Treasure & Shipwreck Recovery, Inc. (Currently trading as BLIS) conducts shipwreck and treasure recovery from shallow shipwreck finds in the Caribbean and North America. Through certain exploration, survey and recovery techniques, we use innovative methods and state-of-the-art technology to provide access to known wreck site areas, as well as plans to explore key suspected large unrecovered wreck sites outside of State of Florida waters. We intend to expand into media projects involving games, television and sales of artifacts using our web development methods and expertise. We now own the following vessels: the R/V Bellows large recovery and search vessel, the M/V Bottomline on site recovery vessel, a second on site recovery vessel, a leased survey vessel, and two smaller vessels that service and assist on sites.

Please follow TSR at our Facebook Page: https://www.facebook.com/treasurewrecked.
Our website will be updated as new matters are announced including recoveries, media developments, and advances with the gaming division at www.treasurewreck.com. Also, visit our Instagram at https://www.instagram.com/treasurewrecked/. TSR also has a revenue sharing agreement with World of Treasure, and the NFT collection can be found at www.WorldOfTreasure.io.

FORWARD LOOKING STATEMENTS:

This press release and the statements of representatives of TSR. (the "Company") related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "guidance," "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, TSR's ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with OTC Markets (Pink Sheets). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.

COMPANY CONTACT:

Website: www.treasurewreck.com
Investor Relations Email: ir@treasurewreck.com

SOURCE: Treasure & Shipwreck Recovery, Inc.