SEANERGY MARITIME CORP. ANNOUNCES
QUARTERLY DISTRIBUTION TO PUBLIC SHAREHOLDERS

1/22/2008 11:40:47 AM

April 1, 2008 – Athens Greece – Seanergy Maritime Corp. (AMEX: Common Stock – SRG; Units – SRG-U; Warrants – SRG-WT) announced today its quarterly distribution to public shareholders for the period from January 1, 2008, through and including March 31, 2008.

The Company announced that it will pay a distribution, consisting of the interest earned in the Trust Account, subject to certain permitted adjustments, of $1,542,349 in total or $0.0668 per share for such period. This distribution will be paid on April 15, 2008 to public shareholders of record on April 9, 2008.

About Seanergy Maritime Corp.
Seanergy Maritime Corp. is a Business Combination Company™, or BCC™. A BCC™ is a blank check company formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition or other similar business combination, an unidentified operating business. The Company intends to focus on identifying one or more businesses or assets in the maritime shipping industry, but will not be limited to pursuing acquisition opportunities only within that industry.

Seanergy Maritime Corp. press release