SeaMiles, Any Cruise Line...Any Time, Announces Second Quarter Results

TORONTO, ONTARIO, Aug 27 (MARKET WIRE) --
SeaMiles Limited (the "Company") (TSX VENTURE: SEE), North America's
premier cruise loyalty provider, today announced second quarter results
for the period ended June 30, 2009.

For the 2009 second quarter, the Company reported revenue of $3,071,798
compared to $2,721,520 in 2008, a 13% increase, due to the increased
strength in the U.S. dollar. For the quarter ended June 30, 2009, the
Company reported a net loss from continuing operations of ($100,408) or
($0.01) per share versus net income from continuing operations of
$102,495 or $0.01 per share in 2008. Net loss for the second quarter in
2009 was ($100,408) or ($0.01) per share compared to net income of
$409,217 or $0.04 in 2008.

For the six months ended June 30, 2009, the Company reported revenue of
$6,266,392, an increase of 18% compared to $5,295,763 last year, as a
result of the strengthening U.S. dollar. SeaMiles had income from
continuing operations of $188,485 or $0.02 per share compared to income
from continuing operations of $47,201 or $0.00 per share in the previous
year. Net income for the 6 months ended June 30, 2009 was $188,485 or
$0.02 per share compared to $305,020 or $0.03 per share last year.

"Our 2009 second quarter results reflect increased costs relative to the
Carnival(SM) Sea Miles(R) MasterCard(R) program, with revenue remaining
consistent year-overyear. SeaMiles is now well positioned to maximize all
opportunities during the upcoming winter season. Based on Any Cruise
Line...Any Time, our cruise loyalty program offers cruisers total choice
and flexibility at the time of point redemption which is unique within
the marketplace" said Peter Rooney, President.

ABOUT SEAMILES LIMITED

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.

Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.

Contacts:
SeaMiles Limited
Peter Rooney
President
(416) 398-1555 Ext. 442
peter.rooney@seamiles.com

SeaMiles Limited
Steven Wise
Chairman and CEO
(416) 631-3400
steven@seamiles.com

Copyright 2009, Market Wire, All rights reserved.

-0-