Although the club fared reasonably well in the standings, attendance was poor and sponsorship support was thin as the team competed heavily with Major Junior and University hockey for attention.

The Mariners had a strong club and managed to plow through the playoffs with scoring from the likes of Jason Hedges, Steve Yetman, Grant Kenney, Matt Oxtoby and Justin d'Entremont.

Losing both goalies, coupled with other injuries to key forwards, would prove too difficult to overcome as the Mariners fell to a strong Truro Bearcats in round two.

Truro would go on to take the league title that season from defending Champions the Campbellton Tigers.With a month to rest, heal and re-organize Yarmouth was ready for the Fred Page Cup.

Paul Currie stepped down from the head coach/GM position in January, but continued behind the scenes work until the team was turned over in April.

Following the sale of the team, the new organization quickly began to demonstrate its eagerness to return to winning form and its dedication to bringing quality Junior A Hockey back to Yarmouth and its loyal fans and sponsors.

The new Mariners quickly unveiled a brand new logo and jersey and announced, to the surprise and extreme delight of many, that NHL legend Steve Kasper would take on the job of head coach with the very popular Laurie Barron as his assistant.

At the trading deadline in January, the Mariners only got stronger by acquiring league-leading scorer Itan Chavira, a pick-up which paid tremendous dividends for them.

On February 24, 2008, with a 6–3 victory over the Halifax Wolverines on home ice, the Mariners clinched 1st overall in the MJAHL, and completed their worst-to-first turnaround in one season.

In round 2, the Mariners defeated the Weeks Crushers, who hosted the 2008 Fred Page Cup, 4 games to 1, to win the Bent Division Championship.

At the 2008 Fred Page Cup, two losses on consecutive nights to eventual Champion Weeks Crushers ended the season for the club, its most successful to date.