MPI Mpvc (Tier2)

Seriatim Ventures Inc. ("Seriatim" or the "Corporation") (TSX VENTURE:STV.P)
announces that it has reached a settlement with Mountain Power Inc. ("MPI") and
certain officers of MPI. Seriatim had previously filed a statement of claim
against MPI and two of its senior officers in order to recover a $225,000
refundable advance that Seriatim had provided to MPI on May 21, 2008. In
consideration for the payment of $245,000, inclusive of interest and costs, by
MPI to Seriatim, the parties have agreed to mutually release each other in
respect of the matter. The full amount of $245,000 was delivered to Seriatim's
counsel on November 14, 2008.


Seriatim also wishes to provide an update on its previously announced proposed
Qualifying Transaction with Forent Energy Ltd. ("Forent"), a private Alberta
company actively engaged in onshore oil and gas exploration and development
activities in Nova Scotia and Alberta. Seriatim and Forent have entered into an
amalgamation agreement dated October 15, 2008 (the "Amalgamation Agreement").
The Amalgamation Agreement contemplates that a wholly-owned subsidiary of
Seriatim and Forent will amalgamate (the "Amalgamation") and continue as a new
corporation ("Amalco"). Rather than receiving shares of Amalco, the shareholders
of Forent will instead receive 5.5 common shares of Seriatim for each issued and
outstanding Forent common share owned. Seriatim will also issue replacement
stock options and warrants for the existing Forent stock options and warrants
based on the same exchange ratio (5.5 for 1) and the exercise or conversion
prices shall be amended accordingly while all other terms (i.e. vesting
provisions, expiry dates, etc.) of such convertible securities will remain
identical to the terms originally granted by Forent. The Amalgamation Agreement
also provides that, immediately after completion of the Amalgamation, Seriatim
will consolidate all of the outstanding Seriatim securities on a 2.7 for 1 basis
(the "Consolidation"), and that Seriatim will change its name to "Forent Energy
Inc." (the "Name Change").


Completion of the Qualifying Transaction remains subject to a number of
conditions precedent including, without limitation, the approval of the TSX
Venture Exchange ("TSXV") and requisite shareholder approval. Seriatim has made
its initial submission to the TSXV and will continue to work with the TSXV to
obtain the TSXV approval. Seriatim, as sole shareholder of the Seriatim
subsidiary, has approved the Amalgamation. On November 5, 2008, Seriatim held an
annual and special meeting of its shareholders where the shareholders of
Seriatim approved the following: (i) the re-election of the current directors of
Seriatim; (ii) the re-appointment of MacKay LLP as the current auditors of
Seriatim for the ensuing year; (iii) the appointment of PriceWaterhouse Coopers
LLP as auditors of Seriatim effective upon completion of the Qualifying
Transaction; (iv) the re-approval of the amended stock option plan of Seriatim;
(v) the Consolidation; and (vi) the Name Change. Forent held a special meeting
of its shareholders on November 10, 2008, at which time shareholders of Forent
approved the Amalgamation.


Trading of the Seriatim shares will not resume until the TSXV has accepted
Seriatim's request to exempt the sponsorship report requirement or Seriatim has
engaged a sponsor to prepare such a report. Seriatim will issue a further new
release as soon as further details are available regarding the resumption of
trading.


As indicated above, completion of the transactions is subject to a number of
conditions, including but not limited to, TSXV acceptance. There can be no
assurance that the transactions will be completed as proposed or at all.


Investors are cautioned that, except as disclosed in the filing statement to be
prepared in connection with the Qualifying Transaction, any information released
or received with respect to the transactions may not be accurate or complete and
should not be relied upon. Trading in the securities of a capital pool company
should be considered highly speculative.


Except for statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made, and are subject to a variety of
risks and uncertainties and other factors that could cause actual events or
results to differ materially from those anticipated in the forward-looking
statements. There are uncertainties inherent in forward-looking information,
including factors beyond Forent's and Seriatim's control, and no assurance can
be given that the transactions will be completed on time, or at all. Seriatim
undertakes no obligation to update forward-looking information if circumstances
or management's estimates or opinions should change except as required by law.
The reader is cautioned not to place undue reliance on forward-looking
statements. Additional information identifying risks and uncertainties that
could affect financial results is contained in Seriatim's filings with Canadian
securities regulators, which filings are available at www.sedar.com.

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