SEANERGY TAKES DELIVERY OF TWO VESSELS AND COMPLETES
ITS INITIAL FLEET OF SIX DRY BULK CARRIERS

September 25, 2008 -- Athens Greece -- Seanergy Maritime Corp. (AMEX: SRG; SRG.U; SRG.W) announced today that they took delivery of, through its wholly owned subsidiary, Seanergy Maritime Holdings Corp., and its designated nominees, the M/V Hamburg Max a 1994 built Panamax vessel with a capacity of 73,498 dwt and the M/V African Zebra, a 1985 built Handysize vessel with a capacity of 38,632 dwt and has now completed all the acquisitions contemplated by the Master Agreement dated May 20, 2008.

The M/V Hamburg Max is chartered at a rate of $65,000 per day and the M/V African Zebra is chartered at a rate of $36,000 per day both until on or about September 2009 and are chartered to South African Marine Corporation, an affiliate of the Restis family.

Dale Ploughman, the Company’s Chief Executive Officer stated: “Within less than one month since shareholder approval of the Business Combination and well ahead of the contractually contemplated closing dates, we have completed the acquisition and delivery of the initial fleet of the six dry bulk carriers we had agreed to acquire. With the addition of the M/V Hamburg Max and the M/V African Zebra to our fleet we will now benefit from the revenue generation and profitability of our entire fleet of six vessels. Our goal is to take advantage of the appropriate market opportunities for additional acquisitions that will expand our fleet and will be accretive to shareholder value. We believe that with the capital inflow from the exercise of warrants and our available debt capacity we are strategically positioned to pursue our growth objectives.”

About Seanergy Maritime Corp.
Seanergy Maritime is a Marshall Islands corporation with its principal offices in Athens, Greece. Seanergy purchased and took delivery of six dry bulk carriers from companies associated with members of the Restis family pursuant to the Master Agreement dated May 20, 2008. Its current fleet is comprised of two Panamax, two Supramax and two Handysize dry bulk carriers with a combined cargo-carrying capacity of 317,743 dwt and an average fleet age of approximately 10.5 years.

Seanergy's common stock, warrants and units trade on the America Stock Exchange under the symbols SRG, SRG.W, and SRG.U, respectively. Risks and uncertainties are described in reports filed by Seanergy Maritime Corp. with the U.S. Securities Exchange Commission, which can be obtained free of charge on the SEC's website at www.sec.gov. For further information please visit our website at www.seanergymaritime.com

Seanergy Maritime Corp. press release