SEW Seaway Energy Services Inc. (delisted)

Seaway Energy Services Inc. ("Seaway" or "the Company") (TSX VENTURE:SEW)
announced that Mr. Jerry Budziak has resigned as President, Chief Executive
Officer and a director of Seaway. Mr Budziak was a founder of Seaway and the
board of directors (the "Board") like to thank Mr. Budziak for his years of
service and wish him well in his future endeavours.


The Company is pleased to announce that Mr. Kyle Stevenson, a current member of
the Board, has been appointed as the President and Chief Executive Officer of
the Company, in replace of Mr. Budziak. In addition, Mr. Richard Stevenson has
been appointed to the Board to fill the vacancy resulting from Mr. Budziak's
resignation. Mr. Richard Stevenson has 40 years of diverse senior management
experience in both the utility and engineering business, including managing
Construction and Operations at B.C. Hydro both domestically and internationally.
Most recently Mr. Stevenson serviced as a Senior Construction Manager with SNC
Lavalin on major projects in both Alberta and British Columbia.


Advanced Notice Provisions

The Company also announced that the Board has approved the adoption of an
advance notice by-law (the "Advance Notice By-law"), which requires advance
notice to the Corporation in circumstances where nominations of persons for
election to the Board are made by shareholders other than pursuant to a
requisition of a meeting made pursuant to the provisions of the Business
Corporations Act (Alberta) ("ABCA") or a shareholder proposal made pursuant to
the provisions of the ABCA. 


Among other things, the Advance Notice By-law fixes a deadline by which
shareholders must submit a notice of director nominations to the Corporation
prior to any annual or special meeting of shareholders where directors are to be
elected and sets forth the information that a shareholder must include in the
notice for it to be valid.


The purpose of the Advance Notice By-law is to foster a variety of interests of
the shareholders and the Corporation by ensuring that all shareholders,
including those participating in a meeting by proxy rather than in person,
receive adequate notice of the nominations to be considered at a meeting and can
thereby exercise their voting rights in an informed manner. In addition, the
Advance Notice By-law is intended to provide a reasonable framework for
shareholders to nominate directors and should assist in facilitating an orderly
and efficient meeting process. The Advance Notice By-law is effective
immediately. A copy of the Advance Notice By-law has been filed under the
Corporation's SEDAR profile at www.sedar.com.


Special Meeting of Shareholders

The Board has called a special meeting of shareholders for Monday, August 12,
2013 (the "Meeting"), at which the shareholders of the Company will be asked to
confirm and ratify the Advance Notice By-law. 


In addition, at the Meeting, approval from the shareholders will be sought to
authorize the Board to (i) amend the articles of the Company (the "Articles") to
provide for a consolidation of the Common Shares on a basis of one (1) new
Common Share for up to a maximum of every ten (10) old Common Shares then
outstanding, or such lesser number of old Common Shares as may be approved by
the Board and accepted by the TSX Venture Exchange (the "Consolidation"), and
(ii) authorize the Board to amend the Articles to change the name of the Company
to any such name as may be approved by the Board, and accepted by Registrar
under the ABCA and the TSX Venture Exchange.


Seaway shareholders previously approved the liquidation and dissolution of the
Company pursuant to the Business Corporations Act (Alberta), and the
distribution of the net cash assets to the shareholders (the "Dissolution"), at
the annual and special meeting of shareholders held on February 28, 2013.
Shareholders also empowered and authorized the Board with the discretion not to
proceed with the Dissolution if it determines that it is no longer in the best
interests of the Company and its shareholders. The changes to management and
Board composition are in conjunction with the Company's efforts to evaluate
other opportunities that have the potential of providing a superior return to
its shareholders. The Board has continued with its efforts of evaluating
potential businesses and assets for the purpose of completing a transaction that
will, in the view of the Board, provide value to the shareholders that is
superior to the value of the estimated distributions under the Dissolution. 


It is the view of management that the Consolidation will best situate the
Company for a re-capitalization that may prove necessary in connection with any
proposed business or asset acquisition, given the current status of the
Company's operations and general market conditions. In addition, the Company may
desire to change its name or it may otherwise be required under applicable
corporate law to change its name to add a descriptive element to reflect the
function or other characteristics of the goods or services in which the Company
deals or intends to deal as a result of the Company entering a different
business segment as a result of completing a business or asset acquisition. 


Reader Advisory

This news release contains forward-looking statements and information
("forward-looking statements") within the meaning of applicable securities laws
including statements regarding the Consolidation, Name Change, Dissolution and
the distribution of funds to shareholders. Although the Company believes that
the expectations reflected in its forward-looking statements are reasonable,
such statements have been based upon currently available information to the
Company. Such statements are subject to known and unknown risks, uncertainties
and other factors that could influence actual results or events and cause actual
results or events to differ materially from those stated, anticipated or implied
in forward-looking statements. Risks include, but are not limited to: the
receipt of shareholder and regulatory approval, as applicable, in respect of the
Consolidation, Name Change and the Advance Notice By-law; the ability of the
Board to find business opportunities that offer an superior return to
shareholders as an alternative to Dissolution, receipt of all required
regulatory approvals, changes in tax laws, the ability to collect outstanding
receivables in a timely manner, the ability of the Company to effect an orderly
wind-up of its operations, the possible delay in implementation of the
liquidation and dissolution, the timing and amount of payments to shareholders,
unknown liabilities which may be asserted in connection with the liquidation,
and the risks associated with the oil and gas service industry. The risks,
uncertainties, material assumptions and other factors that could affect actual
results are discussed in more detail in the Company's management's discussion
and analysis and other documents available at www.sedar.com. Readers are
cautioned to not place undue reliance on forward-looking statements. The
statements in this press release are made as of the date of this release, and,
except as required by applicable law, The Company does not undertake any
obligation to publicly update or to revise any of the included forward-looking
statements, whether as a result of new information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Seaway Energy Services Inc.
Kyle Stevenson
President and CEO
(604) 687-1779


Seaway Energy Services Inc.
Michal Holub
CFO
(403) 262-5256

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