June 18, 2008

Sackets Harbor Brewing Company Continues Success in Syracuse Market

Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC) today reported that its War of 1812 Amber Ale, which is produced by wholly owned subsidiary Sackets Harbor Brewing Company, has been recognized by Syracuse's famous Dinosaur Bar-B-Q (the "Dinosaur") as one of its strongest selling beers on draught. The Dinosaur (www.dinosaurbarbque.com), which is located at 246 Willow St. in Syracuse and has locations in Rochester and New York City, was started in Syracuse in 1983 by three bikers, "bound together by the love of good food, a 55 gallon drum cut in half, and a serious case of wanderlust" and over the years expanded its space to include a full bar and waitress service in a live blues music backdrop. Over the last decade the Dinosaur has been nationally acclaimed as one of the country's best blues clubs and has award winning barbeque cuisine. The Dinosaur also produces and distributes five of its own specialty cooking sauces throughout the U.S., England and Australia.

Paul Massena, Beverage Manager at the Syracuse Dinosaur, stated, "The 1812 Amber Ale is one of the strongest sellers due to its local identity and its natural pairing to Bar-B-Q cuisine. It's a perfect match." Tracey Pastella, Day Managing Bartender, stated that "1812 Amber Ale is hands down the most frequently requested ale on tap." Due to the continuing success of Sackets Harbor 1812 Amber Ale on tap, Paul Massena is also putting it in the Dinosaur's popular seasonal exterior bar.

Sackets Harbor Brewing Company premium beers are sold in Syracuse by TJ Sheehan Distributing Incorporated.

About Sackets Harbor Brewing Company

Sackets Harbor Brewing Company develops, produces, and markets micro brewed beers such as the award winning "1812 Amber Ale" and "Railroad Red Ale" as well as "Thousand Island Pale Ale", "1812 Amber Ale Light" and "Independence Wheat" specialty beers. Its "1812 Amber Ale" is the company's flagship brand and was the winner of a Silver Award at the 1998 World Beer Championship. The company has also developed complementary products such Sackets Harbor Coffee and Sackets Harbor Brewing Co. Root Beer.

About Seaway Valley Capital Corporation

Seaway Valley Capital Corporation makes equity, equity-related, and debt investments in companies that require expansion capital. Seaway also seeks investments in leveraged buyouts and restructurings. Seaway will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, manufacturing, and select technologies.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.