SilverBirch Inc.
TSX VENTURE : SVB

SilverBirch Inc.

January 22, 2007 14:50 ET

SilverBirch to Acquire Jambo Mobile Solutions

Combination will significantly expand SilverBirch's mobile marketing capabilities

TORONTO, ONTARIO--(CCNMatthews - Jan. 22, 2007) - SilverBirch Inc. (TSX VENTURE:SVB), a publisher, distributor and developer of mobile entertainment content, provides the following additional information regarding this press release.

As consideration for the acquisition, SVB will pay the shareholders of Jambo $1.2 million comprised of $150,000 cash on closing, 4,666,667 common shares of SilverBirch and a promissory note in the amount of $350,000. Jambo's shareholders shall also receive a further 1,666,667 common shares of SilverBirch if the acquired business exceeds revenue of $750,000 from January 1, 2007 to April 1, 2008; and a further 1,666,667 common shares if the acquired business exceeds revenue of $1,500,000 over the subsequent twelve months.

On closing, Derek Colfer and Matthew Kim will enter into two year employment agreements with SilverBirch and will assume the following significant management functions within the corporation:

Derek Colfer: Vice President, Strategic Development, SVB Mobile

Matthew Kim: Vice President, Technology, SVB Mobile

The acquisition is subject to final approval of the SilverBirch Board, a definitive agreement of purchase and sale, and acceptance by the TSX Venture Exchange.

About SilverBirch Inc.

Toronto-based SilverBirch, through its SilverBirch Studios and SilverBirch Mobile divisions, is a developer, publisher and distributor of mobile entertainment applications including games, ringtones, images and other content. SilverBirch's application portfolio is comprised of both original and licensed intellectual properties. For more information on SilverBirch, please visit www.silverbirchinc.com.

For more information on Jambo Mobile, please visit www.jambomobile.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the content of this news release.

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