UnderSea Recovery Corporation to be Awarded Permit in Haiti-Added COMMENTARY By Haitian-Truth

ATLANTA, Aug 18, 2010 (GlobeNewswire via COMTEX) — UnderSea Recovery Corporation (“UNSR”) (Pink Sheets:LGAL) announced today that it will be issued an exclusive permit for the search and recovery of historic shipwrecks in the territorial waters of Cap-Haitien, Haiti, where a number of valuable wrecks are known to be located. Under the provisions of the written proposal and the proprietary license agreement which were delivered by UNSR to the Mayor of Cap-Haitien on August 2, 2010, the initial term of the exclusive license being issued to UNSR will be five years, with two automatic five-year renewals. Revenues derived from the recovery operations will be used first to reimburse UNSR for project costs, with the remainder to be divided 50-50 between UNSR and the government.

UNSR’s CEO and its Vice President of Permitting have been invited to attend a ceremonial signing of the license agreement in Cap-Haitien, which will be attended by His Worship, the Mayor of Cap-Haitien, the Honourable Philocles St-Fleur, other mayoral officials in Haiti and other Haitian government dignitaries, as well as members of the press. UNSR expects to commence initial search operations under the permit later this year or early next year.

In making this announcement, Herbert Leeming, UNSR’s CEO, stated: “This is wonderful news for everyone involved in bringing about this important permit. We are confident that our partnership in Haiti will be enormously beneficial for our company and our stockholders, as well as the government and citizens of Cap-Haitien and Haiti at large. We are 100% confident that we will be able to locate and recover many items of great historical and economic value and we are anxious to begin operations.”

About the Company

The Company is engaged in the business of locating and recovering historical shipwrecks, primarily those from the 15th through 19th centuries, and other cultural resources (artifacts and other objects of historical and archaeological interest) from the world’s oceans and large lakes by applying advanced technologies in an environmentally responsible manner.

Forward-Looking Statements Caution:

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: UnderSea Recovery Corporation

CONTACT:  UnderSea Recovery Corporation
Bobby Goldman, VP - Business Development
212-628-8777
(404) 826-1164
bobby777@rcn.com
P.O. Box 28961
Atlanta, GA 30358
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COMMENT: HAITIAN-TRUTH.ORG

If anyone needs an example of exactly how badly Preval’s control of Haiti has become, this is it.

The mayor of Cap Haitian has no legal rights to enter into a contract involving the salvage of treasure ships, or any other vessels within the Haitian Territorial Waters.

All contracts for this must be handled through the central government.

The law is specific.

The mayor of Cap Haitian has agreed to this violation of the law because he has been promised an illegal share of anything recovered in the salvage operation.




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