Seaway Energy Services Inc. Announces Repayment and Extension of Convertible Debentures

SEAWAY ENERGY SERVICES INC., ("Seaway" or the "Company") (TSX VENTURE:SEW) is
pleased to announce that it has repaid in full outstanding 12% unsecured
convertible debentures (the "Debentures") in the aggregate principal amount of
$175,000. 


In addition, it has agreed to extend the maturity date of Debentures in the
principal amount of $275,000 owing to Mr. Jerry Budziak, President, Chief
Executive Officer and a Director of Seaway by one further year, maturing on
April 4, 2011. The interest rate on the Budziak Debentures has also been reduced
to 9% per annum, with all other terms remaining the same. The Debentures bear
interest payable quarterly and will be convertible at any time after their
issuance into Common Shares at the holder's option at $0.15 per Common Share. 


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.