SEE Intellectual Capital Group Ltd.

SeaMiles Limited (the "Company") (TSX VENTURE:SEE), North America's premier
cruise loyalty provider, today announced first quarter results for the period
ended March 31, 2008. For the 2008 first quarter, the Company reported total
revenue of $2,574,243, an increase of 13% compared to $2,284,665 during the same
quarter in 2007 as a result of growth in the cruise loyalty program. The 2008
first quarter net loss was $(104,197) or $(0.01) per share compared to net
income of $6,531 or $0.00 per share in the 2007 first quarter primarily due to
increased advertising and promotion to market to cruise industry customers,
lower interest income and a weaker U.S. dollar.


"The 2008 first quarter results reflect continued success in increasing
membership in our cruise loyalty programs," said Peter Rooney, President. "With
interest in the cruise industry at record levels, we have increased our
investment in sales and marketing programs designed to help SeaMiles continue
its strong growth as customers increasingly recognize the benefits of the
SeaMiles program. We also look forward to completing the sale of our remaining
real estate assets, which will improve the Company's balance sheet and allow
management to focus 100% of its efforts on further building its brand among
cruise industry enthusiasts."


On March 27, 2008, the Company signed an agreement of purchase and sale to sell
its remaining real estate assets. The properties to be sold, all of which are
located in the Muskoka region of Ontario, consist of the Greene Slate Inn, the
Ports development project and three residential houses (the "Properties").The
sale of the Properties is expected to close on June 16, 2008. The aggregate
purchase price will be approximately $3,716,000 and will be satisfied by the
cancellation of $1,500,000 in convertible debentures previously issued by the
Company, the assumption by the purchaser of approximately $615,000 in existing
mortgages and a cash payment by the purchaser to the Company of approximately
$1,601,000, which will be used to retire the remaining $1,500,000 of convertible
debentures outstanding following the sale.


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.

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