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") announces that it: (i) cancelled options to acquire 1,085,000 Class A
shares voluntarily surrendered by certain employees and consultants of Seaview;
and (ii) granted options on October 23, 2009 to acquire up to 1,873,750 Class A
shares of Seaview, 1,130,000 of which were granted to directors and officers.
Each grant of options is for a five year term, expiring on October 23, 2014. The
options vest over three years (1/3 on each of the first, second and third
anniversary of the grant date). The options are exercisable at a price of $1.19
per Class A share. There are now options outstanding to purchase a total of
5,488,750 Class A shares of Seaview, or approximately 8.4% of Seaview's issued
and outstanding Class A shares.

Seaview Energy Inc. Class B (TSXV:CVU.B)
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