SeaMiles Unable to File 2009 Audited Financials

SeaMiles Limited ("SeaMiles" or the "Company") (TSX VENTURE:SEE), North
America's premier cruise loyalty provider, announced today that it has
determined that it will not 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") by the filing deadline of April 30, 2010 as prescribed
by National Instrument 51-102 - Continuous Disclosure Obligations.


The Company will be unable to file the Financial Statements by the prescribed
deadline due to ongoing litigation with Carnival Cruise Lines and Barclays Bank
Delaware (the "Litigation") related to the termination of a co-branded credit
card agreement as previously disclosed in the Company's press release dated July
20, 2009. The parties have been engaged in negotiations in an effort to achieve
consensual resolution to the Litigation. The resolution of the Litigation will
have a material impact on the Company's financial results and prospects, which
will vary depending upon the outcome of the Litigation.


SeaMiles is unable to state at this time when it expects to file the Financial
Statements. However, the Company will provide updates as warranted should
anything change with respect to the status of the Litigation and the subsequent
timing for the filing of the Financial Statements.


It is anticipated that the applicable regulatory authorities will issue a cease
trade order against SeaMiles for its failure to file the Financial Statements
within the prescribed time period.


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
proposed litigation settlement, the proposed filing of financial statements, and
potential regulatory actions. 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.