Seaview Energy Inc.
TSX VENTURE : CVU.A
TSX VENTURE : CVU.B

Seaview Energy Inc.

August 05, 2008 18:13 ET

Seaview Energy Inc. Announces Granting of Options

CALGARY, ALBERTA--(Marketwire - Aug. 5, 2008) -

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Seaview Energy Inc. (TSX VENTURE:CVU.A) (TSX VENTURE:CVU.B) ("Seaview") announces that it granted options on August 5, 2008 to acquire up to 1,605,000 Class A shares of Seaview, 717,500 of which were granted to directors and officers. Each grant of options is for a five year term, expiring on August 5, 2013. The options vest over three years (1/3 on each of the first, second and third anniversary of the grant date). The options are exercisable at a price of $3.80 per Class A share. There are now options outstanding to purchase a total of 3,942,500 Class A shares of Seaview, or approximately 8.4% of Seaview's issued and outstanding Class A shares.

Seaview is a Calgary, Alberta based company engaged in the exploration, development and production of conventional crude oil and natural gas reserves in Canada. Seaview's strategy is to build shareholder value through a balance of exploration and development drilling complimented by a focused acquisition program. Seaview's initial core focus area is in the Peace River area of northwest Alberta.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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