July 9, 2008

Sackets Harbor Brewing Company Participating in Empire State Brewing and Music Festival

Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC) today announced that its wholly owned subsidiary, Sackets Harbor Brewing Company ("SHBC"), will be featured at the sixth annual "Empire State Brewing and Music Festival" this Friday, July 11th. The Empire State Brewing and Music Festival (www.empirebrewfest.com), which is held at the City of Syracuse's festival site in Clinton Square, has been listed first by USA Today in its "Top Ten Beer Festivals in the America" (June 11th, 2004). The Festival was formed to "protect, promote, represent and educate the craft brewing industry and its customers ... and is a means for brewers and like businesses to inexpensively market their products directly to their target market customer." A commemorative 4 3/4 ounce glass is given to all patrons at the entrance, and admission allows two ounce samplings from a selection of over 300 styles of beer.

Sackets Harbor Brewing Company will be featuring four of its hand-crafted ales for sampling at the Festival, including 1812 Amber Ale, which has won the "Peoples Choice Award" at the Festival the past two years running. The Company will also be introducing its "Harbor Wheat," which is its new Belgian Style wheat beer.

In addition to Sackets Harbor Brewing Company, select participating brewers and related companies include Ale Street News, Allagash, Anchor Steam, Anheuser Busch Craft, Bacardi, Blue Moon Ale, Blue Point Brewing Company, Brewery Ommegang, Brooklyn Brewery, Empire Brewing Company, Guinness, Harp, Harpoon Brewery, Heineken, High Falls Brewing Company, Hoegaarden Whitbier, Hook & Ladder, Ithaca Beer Company, Killian's, Lake Placid Pub and Brewery, Long Trail, Magic Hat Brewing Company, McSorley's, Middle Ages Brewing Company, Mike's Hard Lemonade, Miller, Newcastle Brewing, Red Stripe, Samuel Adams, Saranac Brewery, Sierra Nevada, Smuttynose Brewing Company, Southern Tier Brewing Company, Twisted Tea, and Yuengling, among others.

The event's main sponsors include the Dinosaur Bar-B-Q (www.dinosaurbarbque.com), Empire Brewing Company (www.empirebrew.com), Clear Channel Radio, and the Syracuse Post Standard.

About Sackets Harbor Brewing Company and the Brew Pub

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 "Harbor 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.

Sackets Harbor Brew Pub is an operating "Brew Pub" that produces its own specialty beer on site while also offering fine dining. The Brew Pub offers six of its own brews on tap including each of its regionally sold beers such as 1812 Ale, Railroad Red, Harbor Wheat, and Thousand Island Pale Ale as well as ever changing seasonal offerings.

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.