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This press release was originally distributed via the eWire press wire service (2002–2016). It is preserved here as a historical record.

March 23, 2004

SEAIR Signs Letter of Intent to Commence Operations in Middle East

ARCHIVED 2002–2016: Originally distributed via the eWire press wire service. Preserved as historical record.

SEAIR Signs Letter of Intent to Commence Operations in Middle East

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For Immediate Release

SEAIR Signs Letter of Intent to Commence Operations in Middle East

CANADA, Apr. 2 -/E-Wire/-- SEAIR Inc. ("SDS" on the TSX Venture Exchange) is pleased to announce that it has entered into a Letter of Intent with His Highness Sheikh Al Hassan Bin Ali Al Nuaimi of the United Arab Emirates (the "U.A.E.") to formalize an arrangement for establishment of a mutually owned company (the "Company") in the Hamriyah Free Zone Authority of the Government of Sharjah, U.A.E. (the "Free Zone"). This agreement is subject to appropriate due diligence to be conducted by both parties, and will be utilized for the importation, manufacturing, licensing and distribution of SEAIR products throughout the Middle East, North Africa and South Asia.

SEAIR and Sheikh Al Hassan have a 90 day period (renegotiable) in which to perform said due diligence and register the Company within the Free Zone. The structure of the proposed Company will be finalized during this period, and Sheikh Al Hassan has graciously proposed his appointment as Chairman of the Company. This business development is the result of recent international visits conducted by SEAIR management throughout Asia and the Middle East. Additional developments will be reported as they occur.

SEAIR also announces that pursuant to its Management Stock Option Plan, it granted to Mr. Christopher Crutcher non-transferable options on March 23, 2004 to purchase 29,000 common shares exercisable at a price of $0.96 per share until March 23, 2009; and on March 31, 2004, 13,000 options to purchase shares exercisable at a price of $0.92 per share until March 31, 2009. The grant of these options is subject to acceptance by the TSX Venture Exchange. There are now outstanding incentive options to purchase a total of 1,436,100 of the Corporation's shares, or 9.34% of its issued and outstanding shares.

SEAIR is engaged in the development, manufacturing and sales of its technologically advanced diffusion and sterilization devices, with applications in various industries throughout North America and globally. The Corporation is currently actively involved in the North American Greenhouse Industry within which it has been successful in the marketing of its greenhouse nutrient diffusion and oxygenation technologies. Further applications of these technologies, including aquaculture oxygenation and aquaponics oxygenation, are being developed by SEAIR. In addition, newly developed technologies such as an environmentally benign sterilization process and a bio-remediation system are being designed and tested by the Company.

Parties interested in obtaining further information or receiving news releases and corporate documents from SEAIR may email such requests to [REDACTED-EMAIL] or visit the SEAIR web site at: www.seair.ca .

This News Release includes certain "forward-looking statement" as such term is commonly understood. There can be no assurance that such statement will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this announcement. Important factors that could cause actual results to differ materially from the Corporation's expectations include, among others, the ongoing results of current search. All subsequent written and oral forward-looking statements attributable to the Corporation or persons acting on its behalf are expressly qualified in their entirety by this notice. While the Corporation anticipates that subsequent events and developments may cause the Corporation's views to change, the Corporation specifically disclaims any obligation to update these forward-looking statements.

These forward-looking statements should not be relied upon as representing the Corporation's views as of any date subsequent to the date of this release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Boardmarker Consultancy Group

Phone: (403) 517-2270

Email: [REDACTED-EMAIL]

Phone: (780) 477-7188

Email: [REDACTED-EMAIL]

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