TSXgroup

July 14, 2008

SEA DRAGON ENERGY INC. ("SDX")
BULLETIN TYPE: New Listing-IPO-Shares, Halt
BULLETIN DATE: July 14, 2008
TSX Venture Tier 2 Company

The Company's Initial Public Offering ('IPO') Prospectus dated July 3, 2008, has been filed with and accepted by TSX Venture Exchange (the "Exchange"), and filed with and receipted by the Alberta Securities Commission, the Ontario Securities Commission and the British Columbia Securities Commission (through the Multilateral Instrument 11-102 Passport System) on July 8, 2008, pursuant to the provisions of the Alberta, British Columbia, and Ontario Securities Acts.

The gross proceeds received by the Company for the Offering were $35,000,000.40 (58,333,334 common shares at $0.60). The Company is classified as an ''oil and gas exploration" company.

Commence Date: At the opening Tuesday, July 15, 2008, the common shares will commence trading on TSX Venture Exchange. Trading in the common shares will be immediately halted upon commencement of trading pending confirmation of the closing of the IPO.

The closing of the public offering is expected to occur before the market opens on Tuesday, July 15, 2008. Upon receipt of closing confirmation, a further bulletin will be issued to resume trading in the Company's shares.

Corporate Jurisdiction: Canada

Capitalization: Unlimited common shares with no par value of which 123,080,834 shares are issued and outstanding.
Escrowed Shares: 12,710,998 shares

Transfer Agent: Equity Transfer and Trust Company
Trading Symbol: SDX
CUSIP Number: 811375 10 4

Agents: Salman Partners Inc.
Thomas Weisel Partners Canada Inc.
Fraser Mackenzie Limited

Agents' Over-allotment option: The Company granted an Over-Allotment option entitling the Agents to sell an additional 15% of the IPO common shares (7,500,000 to 10,000,000 common shares) at a price of $0.60 per common share which option will expire 30 days from closing of the offering.

Agents' Commission: 6% of the gross proceeds raised pursuant to the offering.

Agents' Options 3,500,000 non-transferable share purchase options.
One option to purchase one share at $0.60 per share for a period of 18 months from closing of the offering.

For further information, please refer to the Company's Prospectus dated July 3, 2008.

Company Contact: David M Thompson, President and CEO
Company Address: 700, 205 - 5th Avenue SW, Calgary, Alberta, T2P 2V7
Company Phone Number: (403) 705 3403
Company Fax Number: (403) 264 1262