Sea Green Capital Corp.

Sea Green Capital Corp.

March 16, 2005 14:04 ET

Sea Green Capital Corp. Announces Additional Property Acquisition in Casa Berardi Township, Quebec and Commencement of Geophysical Testing


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SEA GREEN CAPITAL CORP.

TSX VENTURE SYMBOL: SGS

MARCH 16, 2005 - 14:04 ET

Sea Green Capital Corp. Announces Additional Property
Acquisition in Casa Berardi Township, Quebec and
Commencement of Geophysical Testing

TORONTO, ONTARIO--(CCNMatthews - March 16, 2005) - Sea Green Capital
Corp. (TSX VENTURE: SGS) (the "Corporation" or "Sea Green") is pleased
to announce that it has acquired an additional 49 claims and 26 cells
(representing a total of 2,236 hectares) adjacent to its North group of
claims in the Township of Casa Berardi. Sea Green is paying $10,000 plus
issuing 100,000 common shares for a 55% interest in these claims. The
other 45% is held by Explorers Alliance Corp. The property is adjacent
to the Aurizon Casa Berardi gold mine. This transaction is subject to
the approval of applicable regulatory authorities.

In addition, the company is commencing geophysical testing on its South
group of claims in the Township of Casa Berardi which are adjacent to
the Cancor / Cambior gold and base metal discovery. Results of this
testing are expected in the next few weeks after which the company plans
to carry out a drill program.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Sea Green Capital Corp.
    R. Brian Murray
    President and Director
    (416) 985-7810
    The TSX Venture Exchange has not in any way passed upon the merits of
    the matters disclosed herein, and has not approved or disapproved of the
    contents of this release.