Seair Announces Intention to Exercise Share Interest Right Under Trust Indenture

Seair Inc. (TSX VENTURE:SDS) ("Seair" or the "Corporation") announces that,
pursuant to the terms and conditions of a trust indenture entered into between
the Corporation and BNY Trust Company Of Canada dated as of October 31, 2012, as
supplemented by the first supplemental indenture made effective October 31, 2013
and as further supplemented by the second supplemental indenture made effective
May 14, 2014 (collectively, the "Indenture") providing for the issuance of 8%
Secured, Subordinate, Convertible, Redeemable Debentures (the "Debentures") of
the Corporation, the Corporation has provided notice to Trustee that effective
June 1, 2014 and continuing until maturity on December 31, 2015, all interest
payments on the Debentures issued under the Indenture will be paid in common
shares of the Corporation (the "Share Interest Right").


The number of common shares to be paid in lieu of cash pursuant to the exercise
of the Share Interest Right will be calculated by dividing the applicable
interest obligation amount payable in common shares (approximately CDN$120,000)
by the closing market price of the common shares on the TSX Venture Exchange (or
such other exchange as the common shares may then be listed) on the last trading
day immediately preceding the date on which the applicable interest obligation
is due. The first issuance of common shares in lieu of cash will be for the June
30, 2014 interest obligation under the Indenture.


The issuance of the common shares in lieu of cash under the Share Interest Right
is subject to the terms and conditions of the Indenture as well as the receipt
of all requisite approvals, including, without limitation, the approval of the
TSX Venture Exchange.


ABOUT SEAIR 

Seair Inc. (TSX VENTURE:SDS) is a Calgary based cleantech company. Seair has
commercialized proprietary technology that can diffuse gases, such as oxygen,
ozone and carbon dioxide, into liquids more effectively and with lower power
consumption than the competition. Seair's patented technologies can produce
micron size bubbles that are more efficient than other diffusion technologies
because the diffused gases remain in solution for extended periods of time,
leading to increased productivity and lower operating costs. Seair has been
working with customers in the Oil and Gas industry for over five years. 


Seair applications include oil sands SAGD water solutions, frac and produced
water treatment, industrial ponds treatment, mine dewatering/treatment,
end-to-end sewage treatment for permanent residential communities and remote
work camps, golf course irrigation and pond treatment and most recently,
industrial emissions treatment. Parties interested in obtaining further
information or receiving news releases and corporate documents from Seair may
email such requests to [e-mail] or visit the Seair website at www.seair.ca.


Seair is proud to be recognized as one of the Top 5 Cleantech companies in the
TMX 2012 Venture 50. 


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities of the
Company will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act, and may not be offered or sold within the
United States or to, or for the account or benefit of U.S. persons except in
certain transactions exempt from the registration requirements of the U.S.
Securities Act.


Forward-looking Statements and Information

This news release contains certain statements that may be "forward-looking
statements". Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words "expects,"
"plans," "anticipates," "believes," "intends," "estimates," "projects,"
"potential" and similar expressions, or that events or conditions "will,"
"would," "may," "could" or "should" occur. In particular, but without limiting
the foregoing, this news release contains forward-looking statements pertaining
to, among other things, the payment of interest on debentures in common shares
of the Corporation, the amount of the quarterly interest payment obligations and
receipt of approval from the TSX Venture Exchange. Although Seair believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results may differ materially from those in forward-looking
statements. 


In evaluating forward-looking statements readers should consider the risk
factors which could cause actual results or events to differ materially from
those indicated by such forward-looking statements. 


Forward-looking statements are based on the beliefs, estimates and opinions of
Seair's management on the date the statements are made. Except as required by
law, Seair undertakes no obligation to update these forward-looking statements. 


Neither the 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 news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Seair Inc.
Jim Laird
CFO
780-477-7188
[e-mail]
www.seair.ca