Attention Business Editors:

SilverBirch Has Completed the Sale of Non-Core Business Unit Crossroad Mobile
<<
Divestiture immediately reduces debt exposure and dilution by cancelling
1.8 million issued warrants
>>

TORONTO, Nov. 17 /CNW/ - SilverBirch Inc. (TSX-V: SVB), today announced
it has completed the sale of its 60% stake in Crossroad Mobile, LLC. For
nominal consideration, the assets and related liabilities have been
transferred back to the purchasers. Under the agreement, the effective closing
date is September 30, 2008.
The transaction will result in the elimination of just over $40K of debt
in relation to a Secured Promissory Note and reduces further dilution for
SVB's shareholder with the immediate cancellation of 1,800,000 warrants.
"This transaction allows SilverBirch to remain focused on our core game
assets: CrossFire, Metin2, and the console games developed and marketed by
SilverBirch Studios, Lighthouse, and (*)Red Mile," said Kevin Astle, SilverBirch
interim President and CEO. "The new board of directors has moved swiftly and
decisively to re-position the company to capitalize on the potential of these
assets for the benefit of all shareholders."
The divesture of this non-core business substantially completes the
Company's previously announced process of re-focusing on its core strengths in
the game industry. The Company's goal is to become a premier publisher and
marketer of Massive Multiplayer Online Games (MMOG) and video games for PCs
and leading console platforms. This new strategic focus will build upon
SilverBirch's existing operations, including video game developer SilverBirch
Studios, Netherlands-based interactive entertainment publisher Lighthouse
Interactive, and a co-publishing 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 operations to further reduce costs and improve
margins to enable more strategic investment in online multiplayer games and
original game content development.

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.

(*)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