TORONTO, ONTARIO--(MARKET WIRE)--Aug 13, 2008 -- SeaMiles Limited (the "Company") (CDNX:SEE.V - News), North America's premier cruise loyalty provider, today announced that it has completed its transactions which eliminated $624,000 of pre-acquisition debt of SeaMiles, LLC from its books.

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

     Contacts:
     SeaMiles Limited
     Peter Rooney
     President
     (416) 398-1555 Ext. 442
     Email: peter.rooney@seamiles.com
      
     SeaMiles Limited
     Steven Wise
     Chairman & CEO
     (416) 631-3400
     Email: steven@seamiles.com
     Website: http://www.seamiles.com