SeaMiles to Eliminate $624,000 of Debt

SeaMiles Limited (the "Company") (TSX VENTURE:SEE), North America's premier
cruise loyalty provider, today announced that it has reached agreements with
certain debtors to eliminate approximately $624,000 of pre-acquisition debt of
SeaMiles, LLC. Under the agreements, approximately $380,000 of debt will be
exchanged for 190,000 shares of the Company at a price of $2.00 per share, with
the remaining debt of approximately $244,000 being forgiven.


"The shares for debt transactions will eliminate significant debt from the
Company's books which will strengthen the Company's balance sheet." said Peter
Rooney, President of SeaMiles.


The closing of these transactions is subject to certain conditions including,
but not limited to, the receipt of all necessary regulatory approvals, including
the approval of the TSX Venture Exchange.


ABOUT SEAMILES

SeaMiles is North America's premier cruise loyalty provider, committed to
recognizing and rewarding the cruiser through multiple earning opportunities and
best-in-class, maximum award flexibility based on "Any Cruise Line...Any Time".
Additional information can be found at www.seamiles.com.

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