SeaMiles Settles Litigation and Postpones Shareholder Meeting

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 with Carnival Cruise Lines ("Carnival") and Barclays Bank
Delaware ("Barclays") to settle all outstanding litigation between the parties
(the "Settlement"). As previously disclosed in the Company's press release dated
April 28, 2010, the Company was involved in ongoing litigation with Carnival and
Barclays related to the termination of a co-branded credit card agreement. The
settlement agreement requires SeaMiles, Carnival and Barclays to file a consent
dismissal order dismissing all applicable claims and counterclaims.


As a result of the Settlement, the Company is now in the process of determining
when it will be able to file its audited annual financial statements for the
financial year ended December 31, 2009, related management's discussion and
analysis and CEO and CFO certificates (collectively, the "Financial
Statements"). In connection with the foregoing, SeaMiles also wishes to announce
that its annual general and special meeting of shareholders (the "Meeting"),
originally scheduled to be held on June 28, 2010, has been postponed. The
Company will announce a new date for the Meeting in the near future once the
timing of the filing of the Financial Statements has been determined.


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
litigation settlement, the proposed filing of financial statements, and the
upcoming shareholder meeting. 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.