CVU.B Seaview Energy Inc. Class B

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.


Seaview Energy Inc. (TSX VENTURE:CVU.A) (TSX VENTURE:CVU.B) ("Seaview" or the
"Company") is pleased to announce that it has successfully completed a
previously announced acquisition of C3 Resources Ltd. ("Privateco"), an Alberta
based private oil and gas company (the "Acquisition").


Consideration for the Acquisition was comprised of the following:

(i) the issuance of 5,891,925 Class A Shares and approximately $6.3 million cash
to the former shareholders of C3; and


(ii) the assumption of Privateco's net debt of $12.0 million.

Total consideration for the Acquisition was approximately $39 million.

Pursuant to the closing of the Acquisition, Mr. Bruce Francis, President and CEO
of C3, will be joining Seaview's Board of Directors.


The assets of Privateco are focused within Seaview's Peace River Arch core area
with current production estimated at 525 Boe/d (80% natural gas weighted). The
Acquisition consolidates Seaview's core position in the Peace River Arch with
the acquired properties in Valhalla, Progress and Pouce Coupe, and significantly
expands Seaview's production, reserves, land and drilling inventory. Pursuant to
the Acquisition, Seaview's net land position on the Doig-Montney exploration
play in Pouce Coupe increases to 3.9 net sections, further expanding Seaview's
exposure to this developing play.


The Acquisition is highly accretive to Seaview on a production, reserves and
cash flow per share basis.


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.


Barrels of oil equivalent (boe) may be misleading, particularly if used in
isolation. A boe conversion ratio of six thousand cubic feet (mcf) of natural
gas to one barrel (bbl) of oil is based on an energy conversion method primarily
applicable at the burner tip and is not intended to represent a value
equivalency at the wellhead. All boe conversions in this press release are
derived by converting natural gas to oil in the ratio of six thousand cubic feet
of natural gas to one barrel of oil. Certain financial amounts are presented on
a per boe basis, such measurements may not be consistent with those used by
other companies.


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.

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