Star Fury SHIPS

Star Fury Ships!

Montreal, Canada. June 9, 2005.
Software game publisher Strategy First, Inc., a wholly-owned subsidiary of
Silverstar Holdings, Ltd. (Nasdaq: SSTR), and PC developer Malfador
Machinations, are happy to announce that Star Fury, the popular science-fiction
action RPG, has shipped to retailers nationwide.

“Star Fury marks the beginning of
what’s to come in the Space Empires series” said Jay Podilchuk, the producer at
Strategy First, Inc. “Gamers now have the opportunity to immerse themselves in
the Space Empires universe!” concluded Podilchuk.

“We here at Malfador Machinations
are looking forward to getting Star Fury into retail and expanding its audience.
The game’s extensive modding capabilities are suited for an audience ready to
create its own campaigns in the Space Empires universe” said Aaron Hall,
president of Malfador Machinations.

About Star Fury

“Master of your Own Destiny” has a
whole new meaning in Star Fury! As a starship captain you’ll be exploring the
furthest reaches of space in search of fame, fortune and adventure. You might
think upgrading your starship with high performance tech will be the advantage
that keeps you alive — but that really isn’t enough. In a galaxy filled with
warp points, unfriendly aliens, asteroid belts and cosmic storms, teaming up
with large fleet operations might be your only chance for survival. Will you be
a respectable trader or a blood-thirsty pirate? Your actions decide your fate in
a hostile universe!

Star Fury is a science-fiction
action RPG where you assume the role of a starship captain. The risks you’re
willing to take as commander secures your legacy of eternal wealth and power or
ultimately are responsible for your demise in the cold emptiness of space.

Star Fury will be available at all
major retailers at a suggested retail price of $19.99. Rated Everyone by ESRB.
For more information please visit
www.malfador.com

About Malfador Machinations

Malfador Machinations, founded in
1995, is a noted developer of PC strategy games. Its previous titles include
Space Empires II, Space Empires III, Space Empires IV, Space Empires IV Gold,
Dungeon Odyssey, and Space Empires: Star Fury. Malfador Machinations is based in
Santa Rosa, California. For more information on Malfador Machinations visit
www.malfador.com

About Strategy First

Strategy First, Inc. is a leading
developer and worldwide publisher of entertainment software for the PC. Founded
in 1990, the company has grown rapidly, publishing major games in the industry
and simultaneously developing its own in-house titles such as O.R.B. and
Disciples II. After winning numerous awards for games such as Disciples: Sacred
Lands, Kohan: Immortal Sovereigns, Steel Beasts, Galactic Civilizations, and
Jagged Alliance, Strategy First continues to push the gaming envelope with its
own groundbreaking titles, while maintaining its reputation as a unique
alternative for independent developers seeking to market their games to a
worldwide audience.
www.strategyfirst.com

About Silverstar Holdings

Silverstar Holdings, Ltd. is a
publicly traded company (NASDAQ: SSTR), focusing on acquiring controlling
positions in high growth retail driven and fee-based electronic game businesses
that stand to benefit from the economies of scale generated by the Internet and
other technology related platforms. It currently owns Fantasy Sports, Inc., a
dominant provider of fee-based NASCAR related and other fantasy sports games,
Strategy First, Inc. a leading developer and worldwide publisher of
entertainment software for the PC, as well as a stake in Magnolia Broadband, a
fab-less semiconductor company and innovator of radio frequency (RF) solutions
for the cellular industry.
www.silverstarholdings.com