York Capital Corp.

September 22, 2005 17:14 ET

York Capital Corp. Announces Conditional Approval Of Its Qualifying Transaction With SilverBirch Studios Inc.

TORONTO, ONTARIO--(CCNMatthews - Sept. 22, 2005) - York Capital Corp. ("York") (TSX VENTURE:YOR.P), a capital pool company, is pleased to announce that the TSX Venture Exchange ( the "Exchange") has conditionally approved the qualifying transaction originally announced on May 30, 2005 (the "Qualifying Transaction"). York is scheduled to close the Qualifying Transaction on September 26, 2005, with the amalgamation to be consummated with SilverBirch Studios Inc. ("SilverBirch") and the filing of articles of amendment to be effective October 1, 2005 in order to co-incide with York's fiscal yearend for tax efficiency purposes. In connection therewith, York intends to issue approximately 13.5 million shares to SilverBirch shareholders. Final Exchange approval of the Qualifying Transaction is conditional upon, among other things, York completing a private placement of $750,000. After completion of the amalgamation there will be approximately 16.3 million common shares issued and outstanding. Upon completion of the Qualifying Transaction, the Corporation will change its name to SilverBirch Inc.

Additional information regarding the Qualifying Transaction may be found in the Amended Filing Statement dated September 6, 2005 on SEDAR at www.sedar.com.

About York Capital Corp.

The sole business of York is and has been to identify and evaluate businesses and assets with a view to completing a qualifying transaction. York will not carry on any other business until completion of such transaction.

About SilverBirch Studios Inc.

SilverBirch is a developer, distributor, and publisher of premium mobile entertainment content. In addition to continuing to grow its own proprietary catalogue of mobile games and ringtones for cell phones, SilverBirch has developed mobile games for Constantine and Zorro, and is currently developing products for other high profile brands such as Batman, Harry Potter and Superman. SilverBirch is currently launching it's latest application "Mobiloke™" which converts your cell phone into a mobile karaoke machine. While still in the initial stages of the global launch for Mobiloke, initial reaction and level of interest from many of the major wireless carriers has been extremely positive. The company is establishing itself as a leader in the industry, by developing and publishing content that sets new standards in quality, entertainment, and originality.

SilverBirch has also recently launched its "mobile storefront" platform, comprising a suite of technologies and services that rapidly and seamlessly transform existing websites into powerful retail platforms for mobile content. Storefront partners enjoy private label access to the company's extensive product catalogues, content development expertise, billing systems, deployment technologies, and comprehensive hosting and support services.

Investors are cautioned that, except as disclosed in the exchange filing statement in respect of the Qualifying Transaction, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

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

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