SeaMiles Announces 2008 Record Third Quarter Results

SeaMiles Limited (the "Company") (TSX VENTURE:SEE), North America's premier
cruise loyalty provider, announced today financial results for its third quarter
ended September 30, 2008. The Company's revenue was $3,200,371 U.S., a 38%
increase from $2,312,770 U.S. over the same period in 2007. The increase in
revenue is primarily a result of the implementation of the company's strategic
and operational initiatives to grow the SeaMiles cruise loyalty program. The
Company reported revenue of $3,334,147 Canadian, an increase of 38% compared to
$2,415,920 Canadian for the same period in 2007. For the quarter ended September
30, 2008, the Company reported income from continuing operations of $645,109 or
$0.05 per share, compared to a loss of $(155,841) or $(0.01) last year. The
Company reported net income for the 2008 third quarter of $640,434 or $0.05 per
share in 2008 versus a net loss of $(268,697) or $(0.02) in 2007.


For the nine months ended September 30, 2008, the Company's revenue was
$8,457,401 U.S. as compared to $6,412,690 U.S. last year, a 32% increase. The
Company's reported revenue in 2008 was $8,629,910 Canadian compared to
$7,053,113 Canadian last year, an increase of 22%. The Company reported income
from continuing operations of $692,311 or $0.06 per share in the nine months
ended September 30, 2008 as compared to a loss of $(44,462) or $(0.00) per share
last year. SeaMiles had a net income of $945,454 or $0.08 per share compared to
a net loss of $(2,668,032) or $(0.24) per share the previous year.


"The positive results recorded for the third quarter are the direct result of
the continued focus we are placing on our cruise loyalty programs. Despite
economic and credit uncertainty, we remain on track to continue our year over
year growth. SeaMiles cardholders have complete flexibility when using their
points, with no blackouts or restrictions it allows the customer to redeem their
points with which ever cruise line they choose, we remain committed to deliver
the ultimate cruise rewards card and our results speaks to that", said Peter
Rooney, President.


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.