Attention Business Editors:

SilverBirch Signs Letter of Intent to Sell Jambo Mobile Solutions to Silverback Media
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Divesture Inline with Exclusive and Strategic Focus on the Fast-Growing
Gaming Sector
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TORONTO, Nov. 12 /CNW/ - SilverBirch Inc. (TSX-V: SVB), today announced
it has signed a non-binding letter of intent with Silverback Media Corp. to
sell the assets and liabilities of Jambo Mobile Solutions Inc.. The proposed
closing is scheduled for December 15, 2008 or at such earlier date as mutually
agreed.
The divesture of this non-core business unit will allow the Company to
focus on its core strengths and new business strategy in the gaming industry.
The Company's primary goal is to become a premier operator and publisher of
Massive Multiplayer Online Games (MMOG) and video games for PCs and leading
console platforms. The new corporate focus initiated recently will build upon
SilverBirch's existing operations including video game developer SilverBirch
Studios, Netherlands-based interactive entertainment publisher Lighthouse
Interactive, and a co-venture to operate licensed English language online
multiplayer games. The company is also acquiring Red Mile Entertainment(*),
publisher of console games Sin City and Heroes Over Europe, in a deal expected
to close in early 2009, subject to shareholder, legal and regulatory approvals
SilverBirch has recently initiated a restructuring plan that is expected
to deliver significant savings and drive profitable revenue and growth.
SilverBirch continues to review non-core operations to further reduce costs,
improve margins, and enable more strategic investment in online multiplayer
games and original game content development.
The contemplated transaction will be subject to final due diligence and a
Definitive Purchase and Sale Agreement executed by both parties. The closing
will also be subject to approvals required from all necessary parties and
regulatory bodies.

About SilverBirch Inc.

Toronto-based SilverBirch Inc. is a leading interactive entertainment
company operating in the fastest growing sectors of the video game market. The
Company's video game operations include SilverBirch Studios, a video game
developer; Red Mile Entertainment, a San Francisco based publisher of console
games such as Heroes Over Europe and the exclusive worldwide license holder
for Sin City; Lighthouse Interactive, a Netherlands-based publisher of PC
games; and a co-venture with G4Box Inc. to operate licensed English language
online multiplayer games. For more information see www.silverbirchinc.com.

About Silverback Media Corp.

Silverback Media Corp. is a global mobile solutions provider with
operations in Toronto, Los Angeles, Miami, Montreal, Paris and
Aix-En-Provence. Silverback is positioned at the leading edge of the next
phase of the evolving e-marketing sector, and is transforming the personal,
portable and pervasive nature of mobile devices into a revolutionary, potent
advertising and marketing channel. Through its innovative integration of
leading edge technologies and expertise, Silverback Media provides marketers
with the ability to deploy high-performance interactive mobile communications
campaigns that are fully-integrated and continuous with their online marketing
initiatives in order to cost-effectively acquire and retain customers and
generate brand recognition.

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(*) The acquisition of Red Mile Entertainment is expected to close in
early 2009, subject to shareholder, legal and regulatory approvals.
>>

The TSX Venture Exchange has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the contents of
this news release. The TSX Venture Exchange does not accept responsibility for
the adequacy or accuracy of the content of this news release.

Forward-Looking Statements - Certain information set forth in this news
release, including management's assessment of future plans, contain
forward-looking statements that involve substantial known and unknown risks
and uncertainties. These forward-looking statements are subject to numerous
risks and uncertainties, certain of which are beyond management's control,
including the impact of general economic conditions, industry conditions, and
currency fluctuations. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance should not
be placed on forward-looking statements.

%SEDAR: 00020946E

For further information: Kevin Astle, Interim President and CEO,
SilverBirch Inc., Tel: (416) 621-6711 Ext. 34, kastle@silverbirchinc.com

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