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28 June 2012, Limassol, Cyprus:

SeaBird Exploration Plc ("SeaBird") is pleased to announce that it signed agreements for the sale of approximately USD 4 million from its multi-client library.

The Voyager Explorer shallow water 3D job in Mozambique has been extended into August 2012 under the current contract.  The Aquila Explorer has just completed a short contract in Indonesia and has commenced a well prefunded multi-client project with an estimated duration of approximately 30 days.

For further queries contact:

Dag Reynolds
CEO SeaBird Exploration
Phone: +47 90883737
 
Nils Haugestad
CFO SeaBird Exploration
Phone: +971 4 427 1700

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic data, 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/deep water 2D/3D and 4D market. Main focus for the company is proprietary seismic surveys (contract seismic). 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 pursuant to section 5-12 of the Norwegian Securities Trading Act.