Sea Green Capital Corp.
TSX VENTURE : SGS

Sea Green Capital Corp.

May 19, 2006 12:04 ET

Sea Green Capital Corp. Completes Financing

TORONTO, ONTARIO--(CCNMatthews - May 19, 2006) - Sea Green Capital Corp. (TSX VENTURE:SGS) (the "Corporation" or "Sea Green") announces that it has closed the second tranche of its previously announced financing. Together with the first tranche, the Corporation issued $150,000 in units (the "Units") at a subscription price of $0.10 per Unit and $518,000 in flow-through units (the "FT Units") at a subscription price of $0.10 per FT Unit. Each Unit consists of one common share of the Corporation and one warrant (a "Warrant"), each Warrant entitling the holder to purchase one common share of the Corporation at a price of $0.15 per share for a period of 18 months. Each FT Unit consists of one flow-through share of the Corporation and one-half of one warrant (a "FT Warrant"), each whole FT Warrant entitling the holder to purchase one flow-through share of the Corporation at a price of $0.15 per share for a period of 18 months.

The securities issued pursuant to the financing are subject to restrictions on transfer for a period of four months from closing.

The proceeds of the financing are being used to continue the company's drilling programs in Ogden Township in Ontario and also to continue exploration activities, including drilling, in Casa Berardi, and Beschefer Township areas in Quebec and also the Lackner Lake area in Ontario.

The Corporation is still waiting for drill results from its Ogden Township drill program.

Sea Green currently has 45,395,568 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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