Ten bodies, six adults and four children, were found about 35 km (22 miles) off the southern coastal town of Launglon by navy and civilian ships, the military said in its latest statement posted on its official Facebook page.
The search by nine navy ships, five military planes and two helicopters, would continue with help from civilian boats, it said.
The Chinese-made Y-8-200F transport plane vanished on Wednesday after taking off from the coastal town of Myeik on a weekly flight to Myanmar's largest city, Yangon.
The plane lost contact 29 minutes after takeoff while flying at 18,000 feet (5,485 metres) over the Andaman Sea, about 43 miles (70 km) west of the town of Dawei, the military said.
An aircraft wheel, two life jackets and some bags with clothes - believed to be from the missing plane - were found earlier.
Some patches of oil were spotted some 16 nautical miles (18 miles) from Dawei, the military said.
More than 40 ambulances and scores of medics and emergency staff were heading to the fishing town of Sanlan where boats carrying bodies were set to arrive around mid-day, said Hla Thein, a member of a hospital emergency team.
The plane was carrying 122 passengers, including 108 soldiers and their family members and 14 crew. The military said the 108 passengers included 15 children, 58 adults and 35 soldiers.
The aircraft was bought in March 2016 and had a total of 809 flying hours. It was carrying 2.4 tons of supplies, the military said.
Nicknamed the "air camel" in Chinese, the multi-purpose aircraft was approved for production in 1980 and is still being produced by Shaanxi Aircraft Corporation, a unit of state-owned Aviation Industry Corp of China. The four-spoke turboprop is used in countries including China and Sudan.
Aircraft accidents, involving both civilian and military planes, are not uncommon in Myanmar.
A military helicopter crashed last June in central Myanmar, killing three military personnel on board. Five military personnel were killed in February last year when an air force aircraft crashed in the capital, Naypyitaw, media reported.
(Reporting By Wa Lone and Shoon Naing; additional reporting by Brenda Goh in SHANGHAI; Writing by Yimou Lee; Editing by Michael Perry, Robert Birsel)
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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