Seaview Energy Inc.
TSX VENTURE : CVU.A
TSX VENTURE : CVU.B

Seaview Energy Inc.

March 02, 2009 18:29 ET

Seaview Energy Inc. Grants Stock Options

CALGARY, ALBERTA--(Marketwire - March 2, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Seaview Energy Inc. (TSX VENTURE:CVU.A) (TSX VENTURE:CVU.B) ("Seaview" or the "Company") announces that it granted options on March 2 2009 to acquire up to 722,500 Class A shares of Seaview, 425,000 of which were granted to directors and officers. Each grant of options is for a five year term, expiring on March 2, 2014. The options vest over three years (1/3 on each of the first, second and third anniversary of the grant date). The options are exercisable at a price of $0.62 per Class A share. There are now options outstanding to purchase a total of 4,700,000 Class A shares of Seaview, or approximately 9.4% of Seaview's issued and outstanding Class A shares.

Neither 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.

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