Source: Dentons Canada LLP - Calgary

Seair Announces Issuance of Shares for Debt

CALGARY, ALBERTA--(Marketwired - Sept. 1, 2015) - Seair Inc. (TSX VENTURE:SDS) ("Seair" or the "Corporation") announces that, pursuant to shares for debt agreements with certain creditors of the Corporation (collectively the "Creditors") dated as of August 31, 2015, (collectively, the "Agreements") the Corporation has agreed to issue and the Creditors have agreed to accept common shares of the Corporation in lieu of cash to extinguish the amounts owed to the Creditors.

The number of common shares to be issued in lieu of cash pursuant to the Agreements will be 760,178 common shares, calculated by dividing the aggregate amount owed to the Creditors (approximately CDN$121,628.40) by $0.16, the closing market price of the common shares on the TSX Venture Exchange on the last trading day immediately preceding the dates of the Agreements.

The issuance of the common shares in lieu of cash is subject to the terms and conditions of the Agreements as well as the receipt of all requisite approvals, including, without limitation, the approval of the TSX Venture Exchange.

ABOUT SEAIR

The Company is a water technology corporation active at the heart of water-energy nexus that provides proprietary diffusion technology with global applications in several industry sectors such as oil & gas, mining, municipal and industrial wastewater. The Company's proprietary commercialized technology solves critical oil-water separation (de-oiling) challenges cost-effectively by diffusing gases such as oxygen, ozone, nitrogen and carbon dioxide into liquids more effectively and by reducing energy consumption. Seair has been working with customers in the oil and gas industry for over five years. Seair's applications include oil sands SAGD water solutions, frac and produced water treatment, industrial ponds treatment, mine dewatering/treatment, end-to-end sewage treatment for permanent residential communities and remote work camps, golf course irrigation and pond treatment and industrial emissions treatment. Parties interested in obtaining further information or receiving news releases and corporate documents from Seair may email such requests to info@seairinc.com or visit the Seair website at www.seairinc.com.

Seair is proud to be recognized as one of the Top 5 Cleantech companies in the TMX 2012 Venture 50.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

Forward-looking Statements and Information

This news release contains certain statements that may be "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. In particular, but without limiting the foregoing, this news release contains forward-looking statements pertaining to, among other things, the payment of interest on debentures in common shares of the Corporation, the amount of the quarterly interest payment obligations and receipt of approval from the TSX Venture Exchange. Although Seair believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements.

In evaluating forward-looking statements readers should consider the risk factors which could cause actual results or events to differ materially from those indicated by such forward-looking statements.

Forward-looking statements are based on the beliefs, estimates and opinions of Seair's management on the date the statements are made. Except as required by law, Seair undertakes no obligation to update these forward-looking statements.

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 this news release.

Contact Information:

Seair Inc.
Jim Laird
CFO
780-477-7188
info@Seair.ca
www.seair.ca