Seaview Energy Inc. Announces Completion of Previously Announced Southeast Saskatchewan Asset Disposition

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UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.


Seaview Energy Inc. ("Seaview" or the "Company") (TSX VENTURE:CVU.A)(TSX
VENTURE:CVU.B) is pleased to announce that it has successfully completed the
previously announced disposition of oil and gas assets in Southeast Saskatchewan
(the "Disposition") for gross cash consideration of $33 million. The effective
date of the Disposition is April 1, 2010.


In the short term, the proceeds will be used to reduce current debt. Seaview's
estimated net debt at closing, after accounting for the net proceeds of the
Disposition, is estimated at less than $10 million, including the mark to market
gains on the Company's hedging portfolio.


Seaview's bank line has been confirmed by its lenders at $52 million, after
giving effect to the Disposition.


Seaview now has more than $42 million of available credit to capitalize the
Company's development and exploration programs and pursue strategic acquisition
opportunities.


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 complemented by a focused acquisition
program.


This press release may contain forward-looking statements within the meaning of
applicable securities laws. Forward-looking statements may include estimates,
plans, anticipations, expectations, opinions, forecasts, projections, guidance
or other similar statements that are not statements of fact. Although the
Company believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that such expectations will
prove to be correct. These statements are subject to certain risks and
uncertainties and may be based on assumptions that could cause actual results to
differ materially from those anticipated or implied in the forward-looking
statements. These risks include, but are not limited to: the risks associated
with the oil and gas industry (e.g. operational risks in development,
exploration and production; delays or changes in plans with respect to
exploration or development projects or capital expenditures; the uncertainty of
reserve estimates; the uncertainty of estimates and projections relating to
production, costs and expenses and health, safety and environmental risks),
commodity price and exchange rate fluctuation and uncertainties resulting from
potential delays or changes in plans with respect to exploration or development
projects or capital expenditures. The Company's forward-looking statements are
expressly qualified in their entirety by this cautionary statement. The
forward-looking statements contained in this press release are made as of the
date hereof and the Company undertakes no obligations to update publicly or
revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.