SOURCE: Serebra Learning Corporation

December 14, 2005 10:00 ET

Serebra Appoints Board Director and Reports Granting of Stock Options

VANCOUVER, BC -- (MARKET WIRE) -- December 14, 2005 -- Serebra Learning Corporation (TSX-V: SBR), one of Canada's leading providers of e-learning solutions, today announced the addition of Mr. Richard Walton to its Board of Directors. Mr. Walton, a chartered accountant and the Mayor of the District of North Vancouver, has served Serebra as its Chief Financial Officer and Corporate Secretary since August 2004. He brings extensive experience in strategic planning and holds a Masters Degree in Education from Simon Fraser University.

Speaking today from London, England, Ted Moorhouse, president and CEO of Serebra Learning Corporation, said, "Mr. Walton's 20 years of experience as a senior executive in the retail, technology and manufacturing sectors, and broad knowledge of international politics and education, are of great value to Serebra. His addition to our Board is a valuable asset to Serebra and integral to the success of our global EasyLearning initiative in developing nations."

The Corporation is also issuing 525,000 stock options to its directors and 150,000 stock options to its management. The exercise price of the options granted is $0.10 per share. The directors' options vest immediately and the management options vest 25% on the date of the grant and 25% every quarter thereafter. This increases the number of outstanding stock options to 3,031,667 with a weighted average exercise price of $0.126 per share.

On Behalf of the Board of Directors,

SEREBRA LEARNING CORPORATION
Ted Moorhouse
President and CEO
About Serebra Learning Corporation

Serebra Learning Corporation (TSX-V: SBR) designs and delivers e-learning solutions for corporations, including the Fortune 1000, universities and schools, government organizations and individuals. Backed by a library of over 3,500 courses and a global network of partners, Serebra's powerful Learning Management System, Serebra Cortex, hosts and manages Information Technology, Desktop Skills and Professional Development titles. Serebra is uniquely positioned to provide a broad range of on-line learning solutions to individuals who wish to advance their personal and professional development. For more information on Serebra, visit www.serebra.com and www.easylearning.org or call 800 567.7766.

About EasyLearning

The EasyLearning initiative (www.easylearning.org) seeks to facilitate and enhance a culture of lifelong learning. The clear goal is to improve the lives of students by providing the skills and tools they need to succeed in the new knowledge-based economy. EasyLearning was designed by Serebra to overcome a number of significant e-learning issues that have long been impediments to the dissemination of educational material: inconsistent infrastructure and intermittent on-line access. With this breakthrough, students enrolled in a Serebra course will experience cost-effective Internet connections, straightforward log-in procedures and timely courseware delivery.

For further information, please contact:

Ted Moorhouse, President & CEO
Serebra Learning Corporation
Telephone: 604-676-5480
Facsimile: 604-676-5490
Toll Free: 1-800-567-7766
Email: ted.moorhouse@serebra.com
Suite 600 - 1188 West Georgia Street
Vancouver, BC Canada V6E 4A2
www.serebra.com
The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Ted Moorhouse, President & CEO
    Serebra Learning Corporation
    Telephone: 604-676-5480
    Facsimile: 604-676-5490
    Toll Free: 1-800-567-7766
    Email: Email Contact
    Suite 600 - 1188 West Georgia Street
    Vancouver, BC Canada V6E 4A2
    www.serebra.com