SBE Silverbirch Energy Corporation

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

SilverBirch Energy Corporation (TSX VENTURE:SBE) ("SilverBirch" or the
"Corporation") announces today that it has entered into a private placement
flow-through common share financing agreement, on a bought deal basis, with a
syndicate of underwriters, led by RBC Capital Markets as sole bookrunner. Under
this agreement, SilverBirch will issue from treasury 1,450,000 common shares on
a flow-through basis at a price of $9.20 per share for gross proceeds of
approximately $13.34 million. The flow-through common share offering is
scheduled to close on or about December 13, 2010, and is subject to regulatory
approval and completion of definitive documentation. SilverBirch intends to use
the net proceeds from the private placement to further delineate and define its
oil sands properties through the drilling of additional core holes which
represents the majority of its near term capital requirements. 


About SilverBirch 

SilverBirch Energy Corporation is a pre-production oil sands company
headquartered in Calgary, Alberta, Canada. SilverBirch has a rich portfolio of
mining and in situ oil sands properties, including 50% ownership of the Frontier
and Equinox Projects. To learn more, please visit www.silverbirchenergy.com.


Forward Looking Information

This press release contains certain "forward-looking information" within the
meaning of applicable securities law including statements regarding the proposed
use of proceeds of the offering and future enhancements to the Corporation's
reserve and resource base with the anticipated results thereof. Forward-looking
information is frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may", "will",
"would", "potential", "proposed" and other similar words, or statements that
certain events or conditions "may" or "will" occur. These statements are only
predictions. Forward-looking information is based on the opinions and estimates
of management at the date the information is provided, and is subject to a
variety of risks and uncertainties and other factors that could cause actual
events or results to differ materially from those projected in the
forward-looking information. These factors include the inherent risks involved
in the exploration and development of oil sands properties, the possibility that
SilverBirch may not be able to obtain the necessary approvals to proceed with
the offering, difficulties or delays in start-up operations, the uncertainties
involved in interpreting drilling results and other geological data, fluctuating
oil prices, the possibility of unanticipated costs and expenses, uncertainties
relating to the availability and costs of financing needed in the future and
other factors including unforeseen delays. As an oil sands enterprise in the
development stage, SilverBirch faces risks including those associated with
exploration, development, start-up, approvals and the ability to access
sufficient capital from external sources. For a description of the risks and
uncertainties facing SilverBirch and its business and affairs, readers should
refer to UTS's Annual Information Form for the year ended December 31, 2009.
SilverBirch undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change, unless
required by law. The reader is cautioned not to place undue reliance on
forward-looking statements.

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