Subsequent Offering in SeaBird Exploration Limited

14 April, 2009. Cyprus/British Virgin Islands: SeaBird Exploration Limited (BVI) (`SeaBird` or `SBX`)

THE OFFER IS NOT BEING MADE TO UNITED STATES. PERSONS RECEIVING THIS INFORMATION MUST NOT DISTRIBUTE OR SEND SUCH INFORMATION OR ANY RELATED INFORMATION IN, INTO OR FROM THE UNITED STATES, CANADA OR JAPAN. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. OR OTHER SECURITIES LAWS. THE DISTRIBUTION OF THIS DOCUMENT IN OTHER JURISDICTIONS MAY ALSO BE RESTRICTED BY LAW, AND PERSONS INTO WHOSE POSSESSION THIS DOCUMENT COMES SHOULD INFORM THEMSELVES ABOUT, AND OBSERVE, ANY SUCH RESTRICTIONS.

Subsequent Offering of up to 4,000,000 Offer Shares in SeaBird Exploration (BVI) Limited at a subscription price of NOK 2.00 per Offer Share, with preferred allocation for shareholders as of 2 March 2009 who were not invited to participate in the Private Placement completed on 3 March 2009.

Application Period in the Subsequent Offering:

14 April 2009 at 9:00 CET to 28 April 2009 at 17:30 CET

Norwegian citizens with a registered VPS account can follow the link below for further information.

Link to VPS [https://investor.vps.no/sc/servlet/no.vps.sc.servlets.SCLogonServlet?TSted=000VP&ISIN= NO0010504665]

For further queries contact:

Tim Isden

CEO SeaBird Exploration

Phone: + 971 504 539075

Kai Solberg-Hansen

CFO SeaBird Exploration

Phone: + 47 920 51 455

SeaBird Exploration Limited (BVI) `SeaBird` is a global provider of marine 2D and 3D seismic data, solutions for seabed acquisition of 4C/4D multimode seismic, and associated products and services to the oil and gas industry. SeaBird specializes in high quality operations within the high end of the source vessel and 2D market, as well as in the shallow water 2D/3D market. Main focus for the company is proprietary seismic surveys (contract seismic). SeaBird does not have a multi-client data library. Main success criteria for the company are an unrelenting focus on Health, Safety, Security, Environment and Quality (HSSEQ), combined with efficient collection of high quality seismic data.

All statements in this press release other than statements of historical fact are forward-looking statements and are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include SeaBird`s reliance on a cyclical industry and the utilization of the company's vessels. Actual results may differ substantially from those expected or projected in the forward-looking statements.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)