RepeatSeat Ltd.

RepeatSeat Ltd.

July 16, 2008 16:29 ET

RepeatSeat Ltd. Announces Shares for Debt Settlement

CALGARY, ALBERTA--(Marketwire - July 16, 2008) - RepeatSeat Ltd. (TSX VENTURE:RPS) ("RepeatSeat" or the "Corporation") announces that, subject to regulatory approval, it intends to proceed with a Shares for Debt transaction with the issuance of 1,000,000 Common Shares of the Corporation at a deemed price of $0.15 to settle outstanding debt in the amount of $150,000. The Common Shares issued are subject to a four-month hold period from the date of issuance.

The Shares for Debt settlement is to an Arm's Length Party and there will not be a new Control Person as a result of the issuance of the shares for debt.

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

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