SeaMiles Private Placement

SeaMiles Limited ("SeaMiles" or the "Company") (TSX VENTURE:SEE), North
America's premier cruise loyalty provider, announced today that the TSX Venture
Exchange has accepted for filing documentation with respect to a non-brokered
private placement announced August 15, 2011. The Company has completed the
private placement raising proceeds of $1,000,000 by way of a convertible debt
bearing interest at 10% per annum for a term of three years expiring on August
15, 2014. The debt is convertible, in whole or in part, into common shares of
the Company at a conversion price of $0.50 per share. In connection with the
financing, the Company has issued 1,000,000 common share purchase warrants to
the holder of the convertible debt to purchase common shares of the Company at
an exercise price of $0.10 per share at any time on or before August 15, 2014.
The lender is a related party of the Company. 


The proceeds of the financing will be used primarily to pursue opportunities in
the development and implementation of solutions in support of venture
philanthropy, as well as to repay certain outstanding liabilities of the
Company. Coupled with net proceeds of approximately $462,000 U.S. the Company
received from the recently settled litigation from Barclays Bank Delaware, the
Company is positioned to pursue its new 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, the proposed use of proceeds. 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.