SeaMiles Settles Litigation

SeaMiles Limited ("SeaMiles" or the "Company") (TSX VENTURE:SEE), North
America's premier cruise loyalty provider, announced today that it entered into
a definitive agreement (the "Agreement") with Carnival Cruise Lines ("Carnival")
and Barclays Bank Delaware ("Barclays") to settle all outstanding litigation
between the parties regarding trademark infringement as disclosed in the
Company's most recent interim financial statements and related management's
discussion and analysis. Pursuant to the Agreement, Carnival, Barclays and
SeaMiles have also agreed upon a monetary payment to be made by Barclays to
SeaMiles and the release of any further claims among the parties going forward.
The financial terms remain confidential as outlined in the Agreement. 


SeaMiles continues to pursue opportunities in the management and operation of
credit card loyalty affinity programs. In addition, a heightened priority has
been put on the Company's extensive expertise in cutting-edge technology. The
mandate is to broaden existing platforms to include the development and
implementation of solutions in support of venture philanthropy. This strategic
transition will facilitate the co-mingling of profit and not-for-profit
opportunities.


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.


This press release contains "forward looking information" within the meaning of
applicable Canadian securities legislation. Forward looking information
includes, but is not limited to, statements with respect to the terms of the
Agreement and the proposed business activities of the Company in the future.
Generally, forward looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including but not
limited to: general business, economic, competitive and regulatory risks.
Although the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward looking information. The
Company does not undertake to update any forward-looking information, except in
accordance with applicable securities laws.

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