SEE Intellectual Capital Group Ltd.

SeaMiles Limited (the "Company") (TSX VENTURE:SEE), North America's premier
cruise loyalty provider, today announced that it has completed the sale of its
remaining non-core real estate assets for $3.7 million. The Company had
previously entered into a definitive agreement to sell the assets in March. The
transaction eliminates the Company's remaining real estate and convertible debt
aggregating $3.6 million and will result in savings to the Company in excess of
$400,000 per year. SeaMiles expects to begin to recognize a portion of the
savings in the second quarter results for the period ended June 30, 2008.


"The sale of non-core real estate assets will not only allow the Company to
focus exclusively on the many cruise related loyalty opportunities, but further
enhance our marketing activities by utilizing the above costs savings. The
Company has enjoyed great success with its co-branded partnership with Carnival
Cruise Lines and MasterCard. Additional plans include the expansion of marketing
initiatives in support of the SeaMiles(R) VISA(R) Rewards Card," said Peter
Rooney, President of SeaMiles.


The properties sold were the Greene Slate Inn, the Ports development project and
three residential houses. As a result of the sale, the Company redeemed $1.5
million in convertible debentures previously issued by the Company. In addition,
the purchaser assumed approximately $0.6 million in existing mortgages and the
purchaser made a cash payment to the Company of approximately $1.6 million,
which will primarily be used to retire the remaining $1.5 million 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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