VGS Seismic Canada Releases Data Created in 2007

VGS Seismic Canada Inc., ("VGS" or "the Company") (TSX VENTURE:VGS) is pleased
to announce the release of four non-proprietary seismic surveys to the Calgary
oil and gas community. The four surveys total more than 180 square kilometres
and were created in early 2007 at a total cost of C$7.6 million. To date, the
underwriting and early license sales of this data have resulted in a revenue
stream of more than C$6.0 million, representing about 80% of the total cost of
the data creation for VGS.


President and CEO Steven Vasey comments, "The results of our field-based
operations in 2007 demonstrate our ability to be resilient and flexible even
during times of reduced industry activity. This is due in large part to the
strength of our business model, which focuses on maintaining low fixed costs and
executing our strategy with a small staff of senior-level professionals. VGS has
seen a recent increase in the number of clients seeking to create new seismic
data."


The specifications for the four surveys typify the high quality,
state-of-the-art, 3-D seismic surveys VGS pursues in multi-zone areas where
there is competition among oil and gas exploration companies.


VGS' current 3-D data library covers 3,771 square kilometres gross (3,609 square
kilometres net), involving a minimal number of partners and revenue share
obligations. With a disciplined approach of pursuing 100% title to the data
added to its library, the Company's goal is to generate a seismic annuity stream
through the license sales of long-life, large-scale, 3-D seismic surveys. In
addition creating new data, VGS also grows its data library through purchases
and trades of datasets.


Based in Calgary, Alberta, VGS Seismic Canada Inc. identifies, creates and
markets digital seismic data for licensing to oil and natural gas exploration
companies. To date, the Company's growing data library is concentrated in
British Columbia, Southern Alberta and Eastern Saskatchewan. VGS shares trade on
the TSX Venture Exchange under the symbol VGS.


Forward-Looking Information

Certain information contained in this press release, including information and
statements which may contain words such as "could", "plans", "should",
"anticipates", "expects", "believes", "will", "forecasts", "budget" and similar
expressions and statements relating to matters that are not historical facts are
forward-looking information including, but not limited to, information related
to: future data sales, revenue, cash-flow, expenditures, drilling activity
levels, oil and gas prices and demand, expansion and other development trends of
the oil and gas industry; business strategy, expansion and growth of VGS's
business and operations, including VGS's market share and other such matters.
This forward-looking information is based on certain material factors,
assumptions and analyses made by VGS in light of its experience and its
perception of historical trends, current conditions and expected future
developments as well as other factors it believes are appropriate in the
circumstances. However, whether actual results, performance or achievements will
conform with VGS's conclusions, forecasts, projections, expectations and
predictions expressed or implied by the forward-looking information in this
press release is subject to known and unknown risks and uncertainties which
could cause actual results to differ materially from VGS's conclusions,

forecasts, projections, expectations and predictions expressed or implied by the
forward-looking information in this press release, including: fluctuations in
the price and demand for oil and gas; fluctuations in the level of oil and gas
exploration and development activities; fluctuations in the demand for VGS's
services; the ability of VGS to raise capital and to meet its debt service
requirements; the ability of VGS's clients to raise capital for seismic data and
surveys; the existence of competitors; technological changes and developments in
the oil and gas industry; the effects of weather conditions on operations and
facilities; the seasonal impact on conducting seismic surveys; the ability of
VGS to participate financially in large seismic surveys due to increases in
costs of conducting such seismic surveys; the ability of VGS to protect its
proprietary rights to the seismic data; the existence of operating risks
inherent in VGS's services; the lack of availability of qualified personnel or
management; VGS's dependence on qualified seismic acquisition contractors to
conduct seismic surveys; general economic, market or business conditions,
including stock market volatility; changes in laws or regulations, including
taxation and environmental regulations; other unforeseen conditions which could
impact the use of services supplied by VGS and those risks and uncertainties
described in VGS's continuous disclosure filings, including those referred to in
the Corporation's Management's Discussion and Analysis for the most recently
completed financial year end, which may be found on SEDAR at www.sedar.com. If
any of the above risks or uncertainties materialize, or if the material factors,
assumptions and analyses applied by VGS are incorrect, actual results may vary
materially from those expected in the forward looking information in this press
release.


Consequently, all of the forward-looking information contained in this press
release is qualified by these cautionary statements and there can be no
assurance that the actual results or developments anticipated by VGS, as
expressed or implied by the forward-looking information, will be realized or,
even if substantially realized, that actual results or developments will have
the expected consequences to, or effects on, VGS or its business operations.
Except as required by law, VGS assumes no obligation to update publicly any such
forward-looking information, whether as a result of new information, future
events or otherwise. Readers should not place undue reliance on forward-looking
information.