To: Bearcatbob who wrote (144423 ) 1/31/2011 10:19:50 PM From: LoneClone 10 Recommendations Read Replies (1) | Respond to of 206338 Look, Bob, I am trying to ignore your constant attempts to post towards me because all you ever want to do is argue about things I am not interested in and/or make ideological pronouncements in my direction. You don't think I knew about that when I made my statement?!? Read what I said again -- the companies AWAY FROM THE CITIES, i.e. in southern Egypt, are operating normally. Facts, they are nasty things alright! SEA DRAGON COMMENTS ON THE LATEST DEVELOPMENTS IN EGYPTca.finance.yahoo.com On Monday January 31, 2011, 7:00 am EST NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Jan. 31 /CNW/ - Sea Dragon Energy Inc. ("Sea Dragon") (CDNX:SDX.V) wishes to provide the following commentary on the latest developments in Egypt. Our company is closely monitoring the latest developments in Egypt. Street demonstrations are restricted to major cities and therefore have little or no impact on the company's field operations in Kom Ombo and NW Gemsa. Production from both concessions is continuing uninterrupted with Sea Dragon's W.I. share running steady at 1350-1400bopd. The NW Gemsa and Kom Ombo Concessions are desert located and lie considerable distance from urban areas and therefore all company assets and facilities are secure and unaffected by recent disturbances. In Kom Ombo because of the remoteness of the area, the company is experiencing some shortages in supplies and therefore the drilling and service rigs have temporarily been placed on stand-by until regular transportation of goods and services resumes. We are in constant communication with our personnel in Cairo and they are all safe and are continuing to carry on their daily duties. The management of Sea Dragon is very much aware of how concerned our shareholders must be during this period of unrest in Egypt and therefore we will be holding an open line press conference on Thursday February 3rd at 8:30am. Details will be posted on the company Web site later today. The company's chairman and CEO Mr. Said Arrata and President and COO Mr. Tony Anton will be on hand to answer any questions our shareholders may have. For further information please see the website of the Company at www.seadragonenergy.com or the Company's filed documents at www.sedar.com. Certain statements contained in this press release constitute "forward-looking statements" as such term is used in applicable Canadian and US securities laws. These statements relate to analyses and other information that are based upon forecasts of future results, estimates of amounts not yet determinable and assumptions of management. In particular, statements concerning the development of the Al Baraka field and exploration of the Kom Ombo Concession and events or projections referenced or implied herein should be viewed as forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, costs and timing of exploration and production development, availability of capital to fund exploration and production development; political, social and other risks inherent in carrying on business in a foreign jurisdiction, the effects of a recessionary economy and such other business risks as discussed herein and other publicly filed disclosure documents. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Corporation undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. This news release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. When used herein, words such as "intended" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on assumptions by and information available to the Corporation. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Actual results may differ materially from those currently anticipated. The forward-looking statements contained herein are expressly qualified by this cautionary statement. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE. Contacts Said Arrata Chairman CEO and Director (403) 457-5035 Tony Anton President COO and Director (403) 457-5035 Scott Koyich President Brisco Capital Partners (403) 262-9888 skoyich@briscocapital.com Graeme Dick Brisco Capital Partners (403) 561-8989 graeme@briscocapital.com