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SeaBird Exploration is pleased to announce the extension of two existing contracts:

The contract for the Voyager Explorer, which is working on an ocean bottom node survey in the Far East, has been extended by approximately 90 days until March 2019, with an option for the charterers to extend by another 30 days.

The Osprey Explorer is also working on an ocean bottom node survey in the Americas region. This contract has been extended from initially 60 days to currently approximately 180 days. Following the completion of this contract expected in early March 2019, the Osprey will immediately commence on a previously announced ocean bottom node survey in the same region with expected completion in mid-April 2019.

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic data, and associated products and services to the oil and gas industry. SeaBird specializes in high quality operations within the high end of the source vessel and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main focus for the company is proprietary seismic surveys (contract seismic). Main success criteria for the company are an unrelenting focus on Quality, Health, Safety and Environment (QHSE), combined with efficient collection of high quality seismic data. All statements in this press release other than statements of historical fact are forward-looking statements and are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include SeaBird`s reliance on a cyclical industry and utilization of the company's vessels. Actual results may differ substantially from those expected or projected in the forward-looking statements.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further queries contact:

CEO SeaBird Exploration