Sea Green Capital Corp.

Sea Green Capital Corp.

November 18, 2010 15:59 ET

Sea Green Capital Corp. Appoints New President and Engages Marketing Consultants

TORONTO, ONTARIO--(Marketwire - Nov. 18, 2010) - Sea Green Capital Corp. (TSX VENTURE:SGS) ("Sea Green" or the "Company") announces that it has appointed Alexander (Alex) MacKay as the new President of the Company. Alex has been employed for over 9 years in the brokerage industry and has worked with numerous junior resource companies assisting them in raising capital and developing relationships in the investment community. In addition, Alex has owned and operated his own small business. The board of directors of Sea Green is delighted to have Alex involved with the Company and look forward to the Company becoming significantly more active in exploration and in acquiring new properties.

Sea Green also announces that it has engaged the services of two investor relations firms to assist the Company with its marketing efforts to alert investors to the Company's activities. One firm, Corporate Market Communications & Associates Inc. is based in Toronto and headed by Clark Kent. The second firm, King James Capital Corporation is based in Vancouver and led by Jeff Stuart. Both firms will be paid a monthly fee of $1,500 and in addition, the Company has granted each firm an option on 300,000 shares of the Company at a price of $0.10. The options vest 20% at the date of execution and 20% every 90 days thereafter. Sea Green is pleased to be working with these two firms to help broaden its investor base and to communicate the Company's activities. These agreements are subject to appropriate regulatory approvals.

Yukon Properties:

Sea Green received regulatory approval for the issuance of shares to option the Zeus and the CO properties in the Yukon and the shares have now been issued. The Company is currently reviewing data on both properties and developing its plans to carry out an exploration program on these properties in 2011.

The Zeus property (1,170.5 hectares) is located approximately 33 km northwest of Kaminak's discovery. Regional geophysical maps show that the property is on the Freegold – Casino - Coffee Creek trend, a strong northwest southeast magnetic low that extends through the Kaminak property.

The CO property (752.5 hectares) is located approximately 32 km SSW of Kaminak's Discovery. Regional geophysical maps show that the property is on the Nansen-Moosehom trend, a strong northwest-southeast magnetic low parallel to the Freegold-Casino-Coffee Creek trend.

Other Properties:

Sea Green continues to maintain a 49% interest in the 33 claim Beschefer Property in the Abitibi Region of Quebéc. It is anticipated that a work program will be carried out on this property in 2011 and will consist of additional diamond drilling focused on expanding the zone of mineralization.

Sea Green also maintains its 70% interest in the Casa Berardi project, which comprises of claims in the townships of Casa Berardi, Laberge and Collet, near the producing "Mines de Casa Berardi". Sea Green is continuing to evaluate its options with respect to these claims.

Mr. Gerald Harron, P. Eng., a Qualified Person, is the Company's Qualified Person and is responsible for the information contained in this press release.

Other Matters:

Sea Green also confirms the granting of a total of 3 million stock options to officers, directors and consultants. The stock options are exercisable at $0.10 for a five year period. These options are effective as of November 18, 2010.

Sea Green currently has 75,980,568 common shares issued and outstanding. There are currently no warrants outstanding.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Sea Green Capital Corp.
    Alex MacKay
    President and CEO
    (416) 989-1067
    Sea Green Capital Corp.
    John V. Hickey
    (416) 903-6649