Seaway Announces Appointment of New CFO and Provides Outlook

Seaway Energy Services Inc. ("Seaway" or the "Company") (TSX VENTURE:SEW) is
pleased to announce the appointment of Mr. Michal J. Holub, CA, as its Chief
Financial Officer. Mr. Holub joins Seaway's executive management team with an
extensive background in financial reporting, accounting and taxation.


Mr. Holub has held senior financial positions with both public and private
companies involved in the oil and gas exploration and production and accounting
sectors. Most recently, as the Controller with an oil and gas junior producer,
he was instrumental in developing accounting policies and internal control
compliance and played a key role in the successful consummation of a business
combination with a third party. Mr. Holub obtained a Bachelor of Commerce degree
from the University of Calgary and holds a Chartered Accountant designation.


Mr. Holub replaces Ms. Patricia Taguchi who had resigned her position as Chief
Financial Officer of the Company to pursue other interests. Seaway would like to
thank Ms. Taguchi for her significant contributions to the Company over the past
two years.


Outlook

The Company recently filed its interim financial statements and accompanying
management's discussion and analysis for the three month period ended June 30,
2008. Please note that the Company's year end had been changed to September 30,
considered to be more appropriate to the operating cycle of the business.


Copies of these documents may be obtained electronically from the SEDAR system
at www.sedar.com or on the Company's website www.seawayenergy.com.




Results of Operations
Statement of operations ($ rounded)

                                     Three months ended   Nine months ended
                                            June 30             June 30
                                         2008      2007      2008      2007
                                  ------------------------------------------
Gross revenue                       1,020,700 1,099,600 4,965,800 4,558,300

Operating expenses                    739,200   710,100 3,407,000 3,134,500

Gross profit                          281,500   389,500 1,558,800 1,423,800

Admin. expenses                       296,700   294,300   876,300   761,400

Net income (loss)                    (138,500)   20,400   314,200   183,600

Balance sheet
($ rounded)                                          June 30,  September 30,
                                                        2008           2007

Working capital                                       72,800        239,000

Total assets                                       2,761,800      2,392,200




Gross revenue from environmental consulting services increased 8.9% from
$4,558,300 to $4,965,800 for the nine month period ending June 30, 2008. The
increase is directly related to higher activity levels associated with increased
oil and natural gas prices as compared to the corresponding period in 2007.
Gross revenues decreased 7.1% from $1,099,600 to $1,020,700 for the third
quarter of 2008 compared to the corresponding 2007 quarter and decreased about
47% from $1,930,300 for the second quarter of 2008. The quarter ended June 30 is
historically the Company's weakest due to the impact of road bans and adverse
spring weather on the movement of heavy drilling equipment.


Seaway remains cautiously optimistic for increased industry levels in 2008. Our
clients have indicated steady or increased capital programs to year-end but
variability in commodity prices, particularly a weakening in gas price, could
potentially result in budget reductions. We believe the period of lowest demand
for our services has passed and we are forecasting gross revenue of $7.0 MM for
the twelve months ended September 30, 2008, approximately a 4% increase in
revenue from $6.7MM for the comparable period in 2007. Given, however the
cyclical nature of the business environment we will continue to operate in a
prudent manner and be selective in pursuing growth opportunities.


An agreement had been reached in mid-2007 with a Seaway director and former
shareholder of Seaway Project Management (1998) Ltd. on modified payment terms
for amounts still owed and associated with the qualifying transaction of the
Company's predecessor, Dolce Financial Corp. A significant principal payment in
the amount of $600,000 was made subsequent to the end of the quarter. The
Company anticipates being able to meet its obligation of the payments on the
balance owing by the end of March 2009.


Seaway is a Calgary-based corporation providing environmental consulting
services to the oil and gas industry. These services include managing the
construction of oil and gas leases and access roads, cleanup of leases and roads
following drilling activity and reclamation of leases following drilling and
production.


Seaway is listed on the TSX Venture Exchange under the symbol "SEW".

Certain statements contained in this document are "forward-looking statements".
The projections, estimates and beliefs contained in such forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause actual results or events to differ materially from those
anticipated in any forward-looking statements. Seaway believes the expectations
reflected in those forward-looking statements are reasonable; however Seaway
cannot provide any assurance that these expectations will prove to be correct.