CVU.B Seaview Energy Inc. Class B

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED
STATES NEWS SERVICES. 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 entered into a private placement
financing agreement on a bought deal basis with a syndicate of underwriters led
by FirstEnergy Capital Corp. and including GMP Securities L.P., Macquarie
Capital Markets Canada Ltd., Dundee Securities Corporation; and Blackmont
Capital Inc. (collectively, the "Underwriters"), pursuant to which Seaview will
issue 3,000,000 Class A Shares on a "flow through" basis ("Flow Through Shares")
at a price of $1.60 per Flow Through Share for gross proceeds of $4,800,000.
Certain insiders, including directors, officers, and employees of the Company,
have the ability to purchase up to 300,000 Flow Through Shares of the offering
on the same price, terms and conditions.


Gross proceeds from the sale of the Flow Through Shares will be used to fund
ongoing exploration activities that will qualify as Canadian Exploration
Expense, which will be renounced to the subscribers for the 2008 taxation year.


The Offering is scheduled to close on or about December 18, 2008 and is subject
to all necessary regulatory and stock exchange approvals. The Flow Through
Shares will be subject to a four month hold period from the date of closing of
the private placement.


Seaview is a Calgary, Alberta based company engaged in the exploration,
development and production of conventional crude oil and natural gas reserves in
Canada. The Company's strategy is to build shareholder value through a balance
of exploration and development drilling complimented by a focused acquisition
program. Seaview's initial core focus area will be the Peace River area of
northwest Alberta and Southwest Saskatchewan.

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