Seaview Energy Inc. Announces Closing of Bought Deal Financing

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED
STATES NEWS SERVICES. 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") is pleased to announce that it has successfully closed a previously
announced bought deal financing led by GMP Securities L.P. and including Dundee
Securities Corporation, Macquarie Capital Markets Canada Ltd., Blackmont Capital
Inc. and FirstEnergy Capital Corp. Including the over-allotment option, a total
of 2,899,000 Class A Shares were issued (the "Class A Shares") at a price of
$3.45 per Class A Share for aggregate gross proceeds of $10,001,550.


Gross proceeds from the sale of the Class A Shares will be used to fund capital
expenditures and for general corporate purposes.


The Class A Shares will be subject to a four month hold period from the date of
closing of the private placement.


Seaview is a Calgary, Alberta based company engaged in the exploration,
development and production of conventional crude oil and natural gas reserves in
Canada. Seaview's strategy is to build shareholder value through a balance of
exploration and development drilling complimented by a focused acquisition
program. Seaview's initial core focus area is in the Peace River area of
northwest Alberta.


The securities being offered have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the United
States or to, for the account or benefit of, U.S. Persons absent U.S.
registration or an applicable exemption from the U.S. registration requirements.
This press release does not constitute an offer to sell or the solicitation of
an offer to purchase securities in the United States.