Mr. Fabio Capponi reports

SEASIF EXPLORATION ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Seasif Exploration Inc. has closed the first tranche of its previously announced private placement by issuing one million common shares of the company at a price of two cents per share for total gross proceeds of $20,000.

The company intends to use the net proceeds of the private placement for assessing and advancing potential project opportunities, completing the audit of the company's financial statements and for general and administrative purposes.

The private placement is non-brokered; however, the company may pay finders' fees to eligible arm's-length parties.

All securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws.

Completion of the private placement is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals. There can be no assurance that the private placement will be completed as proposed or at all.

About Seasif Exploration Inc.

The company's common shares are listed on the NEX board of the TSX Venture Exchange under the symbol SAF.H. Seasif is focused on the acquisition and development of scalable precious metals projects in premier mining jurisdictions. Seasif's wholly owned subsidiary, 5530 Nunavut Inc., which was incorporated under the laws of Nunavut and registered under the Business Corporations Act (Northwest Territories) on Nov. 24, 2016, holds its interest in the Meadowbank project located in Nunavut, Canada.

We seek Safe Harbor.