CVU.B Seaview Energy Inc. Class B

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Seaview Energy Inc. (TSX VENTURE:CVU.A) (TSX VENTURE:CVU.B) ("Seaview")
announces that it granted options on August 5, 2008 to acquire up to 1,605,000
Class A shares of Seaview, 717,500 of which were granted to directors and
officers. Each grant of options is for a five year term, expiring on August 5,
2013. 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
$3.80 per Class A share. There are now options outstanding to purchase a total
of 3,942,500 Class A shares of Seaview, or approximately 8.4% of Seaview's
issued and outstanding Class A shares.


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 complimented by a focused acquisition
program. Seaview's initial core focus area is in the Peace River area of
northwest Alberta.

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