This is devastating news. I'm very disappointed. I had high hopes for this company. To think that SVB was less than 2 months away from launching Cross Fire...a potential blockbuster / massive revenue generator! I guess G4Box is going to go ahead with the launch of Cross Fire...I don't think they're crying too much over SVB's demise. Now G4Box has a 100% stake in whatever revenues Cross Fire and Metin2 generate...

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SILVERBIRCH INC.

Transmitted by CNW Group on : November 27, 2008 17:35

SilverBirch loses external funding

TORONTO, Nov. 27 /CNW/ - SilverBirch Inc. (TSX-V: SVB) today announced
that due to the recent uncertainties in the capital markets and the senior
secured lender collecting on its security, there is no funding in place for
the Company to operate and meet its on-going financial obligations. In
addition, the Company has received a default and termination notice from G4Box
Inc., its co-publisher, which terminates the licence agreements relating to
the two on-line multiplayer games being operated and developed.
As a result of these events, all of the Company's 4 directors have
resigned effective November 27, 2008.

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%SEDAR: 00020946E

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