June 02, 2009 18:00 ET

Cybersurf Reports On Annual And Special Shareholders' Meeting

CALGARY, ALBERTA--(Marketwire - June 2, 2009) - Cybersurf Corp. ("Cybersurf") (TSX VENTURE:CY), one of Canada's leading Internet technology and service companies, held its annual and special meeting of shareholders on Friday, May 29, 2009 in Calgary (the "Meeting"). At the Meeting, Cybersurf's shareholders voted to:

- approve the sale of substantially all of the assets of Cybersurf to Communication Telosysteme Inc. ("Telosysteme") an affiliate of Distributel Communications Limited (the "Distributel Transaction").

- re-elect Paul Mercia, R. James Milliken and Jay Roberge to serve as directors of Cybersurf Corp. until the next annual meeting of shareholders; and

- appoint DNTW LLP, Chartered Accountants, as auditors of the Corporation until the next annual meeting of shareholders.

With shareholder approval of the Distributel Transaction, Cybersurf is working to finalize the terms of the definitive asset sale agreement with Telosysteme, and expects that the Distributel Transaction will, subject to various conditions of closing, be completed on or before June 8, 2009.

About Cybersurf Corp.

Cybersurf is an independent Internet and communications company providing consumers in the United States and Canada with a value-driven alternative to large incumbent carriers. Cybersurf prides itself on providing the highest possible quality of services at the lowest possible prices and is one of Canada's largest independent Internet service providers.

Cybersurf believes consumers want 'The Freedom of Choice' that comes with having a truly independent provider as an alternative to larger incumbent telephone companies or cable carriers -- a choice that allows users to connect to the Internet how they want and with an independent provider that focuses on the needs of today's average user by providing quality service at the best possible price. Cybersurf is that choice.

Cybersurf's common shares trade on the TSX Venture Exchange under the trading symbol "CY".

- Note: Cybersurf is currently subject to Cease Trade Orders issued by the Alberta Securities Commission on December 30, 2008 and the Ontario Securities Commission on January 16, 2009.

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