TPC Tenth Avenue Petroleum Corp

NOT FOR DISTRIBUTION TO U.S NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES

Sea Dragon Energy Inc. ("Sea Dragon") (TSX VENTURE:SDX) is pleased to announce
it has entered into an Alliance Agreement with Tanmia Petroleum Company ("TPC"),
an company incorporated in Egypt and owned one hundred percent by the Egyptian
General Petroleum Corporation ("EGPC"). Under the terms of this Alliance
Agreement, Sea Dragon and TPC will have the exclusive right to jointly appraise,
develop and produce hydrocarbons from certain undeveloped and under-developed
oil and natural gas opportunities located in the Arab Republic of Egypt.


EGPC currently has technical information for an inventory of selected
opportunities in oil and gas concessions or development leases which may become
available for allocation to TPC.


Sea Dragon jointly with TPC will appraise the information available; evaluate
the potential of these fields and select from amongst the field(s) which we wish
to submit a development application to EGPC on terms to be negotiated between
the parties.


Mr. Said Arrata chairman and CEO of Sea Dragon said, "We are delighted with the
signing of this Alliance Agreement which will provide Sea Dragon with additional
opportunities to acquire further interests in Egypt in discovered and
undeveloped or under-developed concessions. At present the Sea Dragon management
are evaluating available data on several opportunities we wish to pursue. This
agreement with Tanmia is another step in Sea Dragon's strategy of identifying
low risk development projects in Egypt to create growth in the company". 


For further information please see the website of the Company at
www.seadragon.ca or the Company's filed documents at www.sedar.com.


Statements in this release that are forward-looking statements are subject to
various risks and uncertainties concerning the specific factors disclosed under
the heading Risk Factors and elsewhere in the Company's filings with Canadian
securities regulators. Specifically that there is no assurance that any
hydrocarbon reserves will be discovered nor is there any assurance that any
hydrocarbons encountered will be in commercially recoverable quantities. Such
information contained herein represents management's best judgment as of the
date hereof based on information currently available. The Company does not
assume any obligation to update any forward-looking statements, save and expect
as may be required by applicable securities laws. 


Sea Dragon is an international exploration and development company with a focus
on the Middle East and an office in Cairo Egypt.


The TSX.V Venture Exchange has neither approved nor disapproved of the
information contained herein.

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