Sovereign Exploration Associates International, Inc. Positions for Industry Leading Science and Research with Addition of Thomas Mullins to Advisory Board.

NEWTOWN, Pa. -- Sovereign Exploration Associates International, Inc. (OTC BB: SVXA) announces today that Mr. Thomas D. Mullins, a Trustee and Member of the Corporation of Woods Hole Oceanographic Institute, has joined the company's Science Advisory Board. Mr. Mullins will provide guidance to the continued development of SVXA's science team into the areas of maritime sciences and technology, marine archaeology and geology.

Mr. Mullins joins SVXA's Advisory Board after retiring from an appointment at Harvard University: most notably serving as the Associate Director of the Center for Middle Eastern Studies and Executive Director of the Contemporary Arab Studies and Islamic Finance Programs. He is a past Member of the Executive and Education Committees of the National Board of the Smithsonian Institution and Board liaison to the Smithsonian Tropical Research Institute, Panama; Trustee and Member of the Corporation and Investment and Ships Committees of the Woods Hole Oceanographic Institution; Director of the Royal Oak Foundation; Fellow of The Royal Geographical Society and The Institute of Petroleum. Mr. Mullins is a member of The Royal Institute of International Affairs, Royal Society for Asian Affairs, International Institute for Strategic Studies, The Middle East Institute, The Asia Society, The Boston Athenaeum, Patrons of the Museum of Fine Arts - Boston, and Executive Committee of the International Friends of the London Library.

Prior to his appointment at Harvard, Mr. Mullins' professional career in the petroleum industry had spanned four decades of industry leadership. He has held senior advisory and operational positions globally.

Mr. Mullins is a graduate of the University of Pennsylvania with later graduate studies at the American University of Beirut and Harvard Business School.

Peter Knollenberg, Chairman of SVXA comments on Mr. Mullins, "I am very pleased that Tom has joined our advisory board. His long history of involvement, bridging the scientific and cultural worlds will be of immeasurable help to us moving forward. His addition to the advisory board further reinforces SVXA's commitment to our scientific and historic responsibilities."

About Sovereign Exploration Associates International, Inc.

Sovereign Exploration Associates International, Inc. (OTCBB:SVXA) is a Business Development Company under the Investment Company Act of 1940 undertaking shipwreck exploration and recovery initiatives. Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934, SVXA, has filed Form 8-K.

SAFE HARBOR

The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the failure of the ships to contain cargo of historic, archeological or intrinsic value, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.