SeaMiles VISA Rewards Card

TORONTO, ONTARIO--(Marketwire - Oct. 26, 2011) - SeaMiles Limited ("SeaMiles" or the "Company") (TSX VENTURE: SEE), North America's premier cruise loyalty provider, announced today that Chase Bank USA, N.A. ("Chase"), the credit card division of JP Morgan Chase, has informed the Company that it is not renewing the bankcard joint marketing agreement dated November, 2006 between the Company and Chase (the "Agreement") and that the Agreement will be effective until June 29, 2012.

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. 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:
        SeaMiles Limited
        Peter Rooney
        President
        (416) 398-1555 Ext. 442
        [email protected]

        SeaMiles Limited
        Steven Wise
        Chairman & CEO
        (416) 631-3400
        [email protected]
        www.seamiles.com

Source: SeaMiles Limited