Sea Dragon announces grant of options

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

CALGARY, June 23, 2014 /CNW/ - Sea Dragon Energy Inc. ("Sea Dragon" or the "Company") (TSX VENTURE: SDX) announces that it has granted stock options to purchase up 12,750,000 common shares of the Corporation ("Common Shares") to certain directors and officers of the Corporation and stock options to purchase up to an additional 950,000 Common Shares to certain employees of the Corporation. The options have an exercise price of $0.075 per Common Share, being the closing trading price of the Common Shares on the TSX Venture Exchange on June 20, 2014, and expire on June 20, 2019.

About Sea Dragon Energy Inc.

Sea Dragon is an international exploration and development oil company with a focus on the Middle East and Africa.  Activities are currently concentrated in Egypt, with interest in four concessions with short and long term potential. For further information please see the website of the Company at www.seadragonenergy.com or the Company's filed documents at www.sedar.com.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States, in any province or territory of Canada or in any other jurisdiction.

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.

Sea Dragon Energy Inc. 
Paul Welch
President and Chief Executive Officer
Tel: [phone]

Olivier Serra
Chief Financial Officer and Director
Tel: [phone]

Pelham Bell Pottinger (Financial PR)
Philip Dennis / Joanna Boon
Tel: [phone]

Brisco Capital Partners Corp. (Investor Relations)
Scott Koyich
Tel: [phone]