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TWO TREASURE-FINDING COMPANIES COMBINE EFFORTS TO RECOVER FLORIDA GOLD COAST'S LOST TREASURES

 TWO TREASURE-FINDING COMPANIES COMBINE EFFORTS TO RECOVER
 FLORIDA GOLD COAST'S LOST TREASURES
 SPOKANE, Wash., March 4 /PRNewswire/ -- Golden Quest Inc. (OTC Pink Sheets) today announced that it has entered into a definitive joint venture agreement with Salvors Inc. of Florida, a Mel Fisher company. Under the terms of the agreement, two of America's greatest treasure finders will combine their efforts to find and recover treasure off of Florida's Gold Coast.
 Mel Fisher of Salvors Inc. and Capt. Art Hartman, a director of Golden Quest Inc., have agreed to pool their permitted areas and combine their recovery efforts. Three wreck sites in Salvors' area and possibly one in Golden Quest's permitted area recently discovered will be the initial sites excavated this season.
 Hartman believes that one of these sites contains the sterncasle of the Almirata under General Ubilla of the 1715 plate fleet, where reportedly the bulk of gold and jewels were stored and according to his research has never been recovered.
 Golden Quest has identified over 50 sites it hopes to have permits to salvage in 1992.
 Golden Quest is a company engaged in locating and recovering archeological artifacts, precious metals and other valuables from ship wrecks.
 -0- 3/4/92
 /CONTACT: Gerald Youngblood of Golden Quest, 509-325-7106/ CO: Golden Quest Inc.; Salvors Inc. ST: Washington, Florida IN: SU:


JH-SC -- SE003 -- 4966 03/04/92 12:46 EST
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Publication:PR Newswire
Date:Mar 4, 1992
Words:228
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