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14 March 2014, Limassol, Cyprus

SeaBird Exploration Plc ("SeaBird") is pleased to announce that Harrier Explorer has been awarded a two-month extension to the current contract in the North Sea. The vessel will operate under the extended contract until the second half of May 2014. The value of the extension is estimated at USD 4 million.

The Aquila Explorer has been awarded a contract for a survey off the North West shelf of Australia. In addition, the vessel has been contracted for two surveys in New Zealand. The three contracts have a combined estimated duration of 40 days and a value of approximately USD 5 million.

The company's backlog is currently approximately USD 70 million.

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.

For further queries contact:

Dag Reynolds

CEO SeaBird Exploration

Phone: +47 90883737

Nils Haugestad

CFO SeaBird Exploration

Phone: +971 4 427 1700