Seacliff Construction Corp.
TSX : SDC

Seacliff Construction Corp.

December 12, 2008 12:57 ET

Seacliff's Construction Contracting Division Successfully Completes Landmark Speed Skating Oval

Richmond Olympic Oval to Host Grand Opening December 12th and 13th

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 12, 2008) - Seacliff Construction Corp. ("Seacliff" or "the company") (TSX:SDC) today announced that Dominion Construction ("Dominion"), its general contracting business unit, has completed work on the Richmond Olympic Oval, on time and on budget. As construction manager, Dominion was responsible for the smooth administration and tight execution of the entire $178-million project.

The Richmond Olympic Oval will host 12 speed skating medal events during the 2010 Winter Olympics before being converted into Canada's largest multi-use community centre. The grand opening of the 343,000 square foot complex will take place today and on Saturday, December 13th, with several ribbon-cutting ceremonies, aerial dance performances, interactive skating shows and free public skating sessions scheduled.

"This evening's grand opening of the Richmond Oval marks a highly satisfactory conclusion to Dominion's participation in the construction of the complex," said Bill Crarer, Seacliff's CEO. "We were first retained to manage the construction of the Oval in late 2004. Since then, we have seen the building evolve into a marquee venue that offers a high degree of long-term functionality and beauty to all future users. It's been a great thrill to be so closely involved in this landmark project. This is exactly the type of large-scale institutional construction project Dominion excels at, and we are proud to include it among our successes."

Set on the banks of the Fraser River in Richmond, BC, the Richmond Oval boasts a number of leading-edge design and engineering features, including a spectacular roof made from more than one million board feet of mountain pine beetle-killed wood, a heat-exchanger that recycles residual energy from the refrigeration system, and an asymmetrical building structure that provides views of the river's foreshore, downtown skyline and North Shore mountains. Following the Olympic Games, the LEED-certified building will be converted into a huge community centre that will accommodate two international ice sheets, several hardwood ball courts and a 200-metre running track.

About Seacliff Construction Corp.

Seacliff, which went public through an initial public offering in late April 2008, is one of the largest and most diversified construction companies in Western Canada. It provides general contracting construction services and electrical contracting services to a wide array of clients in both the public and private sectors, with a majority of its business derived from institutional, commercial, and light industrial construction projects. Seacliff is headquartered in Vancouver, B.C. and operates 15 locations in British Columbia, Alberta, Saskatchewan and Manitoba, as well as one location in Northwestern Ontario. Seacliff's business is conducted through two business units: Dominion Construction, a general contractor; and Canem Systems, an electrical contractor.

As a general contractor, Dominion offers diversified general contracting, construction management and design build services in Western Canada, primarily to institutional, commercial and light industrial clients. Dominion's services include preconstruction planning and comprehensive project management services, including the planning and scheduling of the manpower, equipment, materials and subcontractors required for a project.

Canem provides a broad range of services including designing, building, maintaining and servicing electrical and data communication systems for institutional, commercial, light industrial and multi-family residential customers. Canem's electrical contracting services include: designing electrical distribution systems within a building or complex; procuring and installing electrical equipment and materials; on-call service for electrical maintenance and troubleshooting; preventative and scheduled maintenance for critical component installations; budgeting and preconstruction services; and management of regional and national contracts for multi-site installations.

Forward-Looking Statements

Certain statements in this press release may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect. Assumptions have been made regarding, among other things, the successful implementation of Seacliff's business plan, the availability to Seacliff of qualified personnel, the continuation and completion of the projects forming Seacliff's Total Work on Hand, and general economic, business and market conditions. Although Seacliff believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because Seacliff can give no assurance that such expectations will prove to be correct. The forward-looking statements are based on Seacliff's current expectations, estimates and projections, and are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, among others, Seacliff's ability to be retained for existing and new project work by existing and new clients, Seacliff's ability to retain and hire the qualified personnel required, the delay or cancellation of projects forming Seacliff's Total Work on Hand, general economic, business and market conditions, and other risks as are detailed from time to time in continuous disclosure filings of Seacliff. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected. These forward-looking statements are made as of the date of this press release, and Seacliff assumes no obligation to update or revise them to reflect new events or circumstances, except as required by applicable laws.

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