Sea Green Capital Corp.
TSX VENTURE : SGS

Sea Green Capital Corp.

September 28, 2005 13:45 ET

Sea Green Capital Corp. Announces Quebec Property Acquisition And Drilling Underway In Ontario

TORONTO, ONTARIO--(CCNMatthews - Sept. 28, 2005) - Sea Green Capital Corp. (TSX VENTURE:SGS) (the "Corporation" or "Sea Green") is pleased to announce that it has acquired an initial 20% interest in 34 claims in the township of Beschefer in Quebec. Sea Green paid $18,000 towards the staking of these claims. The property was previously owned by Selbaie/BHP/Soquem and between 1995 and 2002, a total of 49 drill holes totaling 12,000 metres were drilled on the 34 claims. This led to the identification of a significant gold discovery called B-14. Some of the highlights of the discovery zone are:

- 2.94 gm/t over 9.0 m

- 6.13 gm/t over 2.4 m

- 4.97 gm/t over 12.0 m

- 7.39 gm/t over 3.6 m

- 6.38 gm/t over 8.0 m

In addition Sea Green announces that drilling has commenced on its property in Jessop and Godfrey Townships in Ontario. This is part of the Blake River assemblage confirmed by recent geochron dates released by the OGS (Ontario Geological Survey) in September 2005.

Other Business:

Roger Peacock and John Hickey were appointed to the Board to replace the vacancies created by the resignations of Cal Bruner and Roger Sholanki. In addition, certain options to consultants were cancelled and options to directors and officers totaling 1,700,000 options have been granted at $0.10 for 5 years (inclusive of the 700,000 announced in the press release of Aug. 30, 2005).

Sea Green currently has 29,130,568 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.

Contact Information

  • Sea Green Capital Corp.
    R. Brian Murray
    President and Director
    (416) 985-7810