Seafarer Exploration Corp has finalized an agreement with Heartland Treasure Quest LLC (HTQ) for a third treasure site. The company is focused on the archaeologically-sensitive exploration, documentation and recovery of historic shipwrecks with an emphasis on recovering treasure and understanding and documenting historical events surrounding shipwrecks. HTQ has surveyed, explored, and researched the site and historical archives for over a decade. Seafarer will now start the application process for another salvage permit. Kyle Kennedy , CEO of Seafarer, stated, "We are continuing our plans of expansion to build shareholder value and increase our probabilities of success.