News release

Investor Alert, Securities Commission Investigating Seisma Oil

The Nova Scotia Securities Commission is alerting investors who may be considering purchasing securities from Seisma Oil Research, Seisma Energy research, or related companies and individuals. A permanent cease trade order was issued against them in Saskatchewan, and they are listed as a potential scam in Australia and the United States.

In December 2010, the Saskatchewan Securities Commission issued a permanent cease trade order against Seisma Oil Research, Seisma Energy Research A.V.V., Seisma Energy Research L.L.C., SXC Stock Exchange of the Carribean A.A.A., Seisma McKenzie Draw #1 Joint Venture (also known as McKenzie Draw Joint Venture), Justin Solomon, Peter Somers, and Victor Hedley, for unregistered trading activity in that province.

The Australian Securities Commission has listed Seisma Oil, Seisma Energy and Seisma Energy Research on their Scams - Cold Calling blacklist. The United States Securities and Exchange Commission filed a civil action against Seisma Oil, Seisma Energy and Justin Solomon, claiming they solicited investors by fraudulently offering units in an investment including the Seisma McKenzie Draw #1 Joint Venture.

Enforcement staff of the Nova Scotia Securities Commission is currently investigating the unregistered sale of securities in relation to these companies and individuals in Nova Scotia, and felt it is in the public interest to issue an alert while the investigation proceeds. Contact 1-800-424-2499 or 902-424-4558 with questions or information about this matter.

The Nova Scotia Securities Commission is the provincial government agency responsible for regulating trading in securities within the province.

FOR BROADCAST USE:

The Nova Scotia Securities Commission is alerting investors that a cease trade order was issued against Seisma Oil Research, Seisma Energy research, and related companies and individuals.

Enforcement staff of the Commission is currently investigating the unregistered sale of securities in Nova Scotia, and feel it is in the public interest to alert the public of the issue while the investigation proceeds.

-30-

Media Contact:

Heidi Schedler
Nova Scotia Securities Commission 902-424-7810 E-mail: