Seamiles Suspended From Trading

SeaMiles Limited ("SeaMiles" or the "Company") (TSX VENTURE:SEE), North
America's premier cruise loyalty provider, announced on April 28, 2010 that it
would 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.


As a result of the Company not filing the Financial Statements by the filing
deadline, the Ontario Securities Commission (the "OSC") issued a cease trade
order on May 14, 2010 prohibiting further trading in SeaMiles' shares (the
"Cease Trade Order"). The TSX Venture Exchange ("the TSXV") has suspended
trading of the Company's shares as a result of the Cease Trade Order and
reinstatement to trading can occur only when the Cease Trade Order is revoked
and the TSXV has concluded its reinstatement review to ensure the Company has
satisfactorily complied with all applicable TSXV requirements.


The reinstatement requirements for the Company vary depending upon how long the
Company remains suspended and whether the Company meets the Tier Maintenance
Requirements ("TMR") of the TSXV. If the Company does not complete its
reinstatement and does not meet the TMR within 90 days from the suspension date,
the TSXV will transfer the shares of SeaMiles to NEX without further notice.


SeaMiles remains unable to state at this time when it expects to file the
Financial Statements. Once the Company's regulatory filings are up-to-date, the
Company intends to seek reinstatement of the listing of its shares, although the
timing for this process is unknown at this time.


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.