Sea Dragon Announces Stock Option Grant

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

CALGARY, Dec. 28, 2012 /CNW/ - Sea Dragon Energy Inc. ("Sea Dragon" or the "Company") (TSX VENTURE: SDX) announces that it has granted stock options to purchase up to 15,050,000 common shares of the Corporation ("Common Shares") to certain officers and directors of the Corporation and stock options to purchase up to 3,300,000 Common Shares to employees and consultants of the Corporation. All of the options have an exercise price of $0.10, being above the closing trading price of the Common Shares on December 27, 2012, the last trading day prior to the option grant.  The aforesaid stock options shall vest over three years and shall expire on December 28, 2017.

Sea Dragon is an international exploration and development company with a focus on the Middle East and offices in Cairo, Paris and Calgary. For further information please see the website of the Company at www.seadragonenergy.com or the Company's filed documents at www.sedar.com.

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.

SOURCE: Sea Dragon Energy Inc.

For further information:

Said Arrata
Chairman, CEO and Director
(403) 457-5035

Tony Anton
President, COO and Director
(403) 457-5035

Olivier Serra
CFO and Director
+331 5343 9442

Scott Koyich
Brisco Capital Partners Corp.
(403) 262-9888