Sea Green Capital Corp.

Sea Green Capital Corp.

November 09, 2006 08:45 ET

Sea Green Capital Corp. Announces Drilling to Commence in Casa Berardi Region in Quebec

TORONTO, ONTARIO--(CCNMatthews - Nov. 9, 2006) - Sea Green Capital Corp. (TSX VENTURE:SGS)(the "Corporation" or "Sea Green") announces that it will commence drilling in the third week of November on its property in Laberge and Collet Townships in the Casa Berardi area of Quebec. An initial seven holes are planned on grids # 1, 2 and 5, to test significant electromagnetic conductors and induced polarization targets. These drill targets are adjacent to the ongoing exploration program being carried out by the Cambior Inc. / Cancor Mines Inc. joint venture.

A review of other geophysically defined targets will be undertaken following this initial drilling. Drilling of targets defined on grids # 3 and 4 will be deferred until winter conditions improve access to the drill sites.

Sea Green has a 55% interest in this property which it can increase to 70% by incurring $950,000 in exploration before December 31, 2007. This date is an extension from the original date of December 31, 2006. To date, Sea Green has incurred approximately $330,000 in exploration on this project. In consideration for receiving this extension from its joint venture partner, Explorers Alliance Corp. ("Explorers"), Sea Green has assigned a 50% interest in its Carnegie, Kidd, Wark and Prosser Township property to Explorers.

Sea Green also announces that it is currently raising additional capital by the issuance of units at $0.08 where each unit is comprised of one common share and one half warrant. Each full warrant will entitle the holder to acquire one additional share at $0.15 for 18 months. This financing will be used to fund its ongoing exploration activities including the Casa Berardi project and its other properties. These include its property in Ogden Township in Ontario where drill results are still pending on 6 holes. It also includes the Beschefer Township property in Quebec where drill results are still pending on 4 holes.

The information contained in this news release has been reviewed and approved by G.A. Harron, P. Eng., a qualified person under the definitions established by National Instrument # 43-101.

Sea Green Capital Corp. is junior exploration company focused on gold and base metal prospects in Ontario and Quebec.

Sea Green currently has 47,395,568 common shares outstanding.

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.

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