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Oceanic Research and Recovery Brings on Additional Management

Oceanic Research and Recovery Inc. (PINKSHEETS: ORRV), a marine salvage and exploration company, today announced that the company has entered into an agreement with Wyatt E. Yeager to assist in all areas of management and operations.

Mr. Yeager, formerly of Odyssey Marine Exploration Inc. (OMR), brings with him an academic and professional knowledge of salvage operations and artifact preservation.

Yeager has earned a Master's of Science in Museum Studies from the University of Leicester in England and a Bachelor's Degree in Anthropology and Archaeology from San Francisco State University. He is currently working towards his Doctorate Degree in Archaeology.

"I am extremely pleased to be a part of Oceanic Research and Recovery. We have the research, technology and equipment to pursue and recover shipwrecks of historical and archaeological significance," says Yeager.

"We are foremost a highly mobile marine exploration company. Within the year we plan to have remotely operated vehicle (ROV) capabilities to assist in the deep water recovery of shipwrecks."

Mr. Yeager has carried affiliations with the following associations:

Marine Technology Society
American Association of Museums
International Council of Museums
American Institute of Conservation
National Association of Corrosion Engineers

He will begin working fulltime for the company as of February 1, 2009

For those desiring more information on ORRV please visit www.oceanicresearchandrecovery.com or

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.