(the "Company")

Suite 1400, 333 Seymour Street, Vancouver, British Columbia, Canada V6B 5A6 (604) 689-2991

NEWS RELEASE

January 3, 2014. TSX-VENTURE: SBX

SEA BREEZE ISSUES SHARES FOR DEBENTURE INTEREST

Sea Breeze Power Corp. is pleased to announce that TSX Venture Exchange has accepted for filing the Company's proposal to issue 15,293,391 shares to settle outstanding debt of $1,501,643.84 relating to interest accrued on a convertible debenture in the principal amount of $2,500,000. The number of
creditors is three.

Insider creditors:

Henry P. Anderson III Revocable Living Trust

$604,879.66

Shares: 6,160,357

Kenneth L. Puryear 2008 Revocable Living Trust

$605,495.12

Shares: 6,166,624

Hoffman-Seabreeze LLC (C. Chase Hoffman)

$291,269.06

Shares: 2,966,410

The shares have been issued and the interest debt extinguished. While the debenture has expired, the original principal of the debentures has been booked as unsecured loans to the Company.
Sea Breeze Power Corp. is a Vancouver-based renewable energy company focused on unlocking British Columbia's enormous but "stranded" renewable energy potential. Sea Breeze is presently engaged in the development of utility-scale wind farms, "run-of-river" hydroelectric projects, and through a joint venture partnership, the development of state-of-the-art electricity transmission projects.
ON BEHALF OF THE BOARD OF DIRECTORS "Paul B. Manson"

per: PAUL B. MANSON, President & CEO

For investor information please contact:

info@seabreezepower.com

Voice: (604) 689