Alliance Future Combat Goes Gold!
Montreal, Canada. May 31, 2006. Software publisher Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), is pleased to announce that the PC game “Alliance Future Combat,” developed by Gameyus Interactive, has officially gone gold. Alliance Future Combat is due to hit stores in North America June 12, 2006.

“This exciting new relationship permits us to introduce an entirely new level of strategy game play to the North American marketplace,” said Pro Sotos, Manager of Business Development at Strategy First. “You are immersed in a real-war experience without the need of tedious resource management, and the voice control option allows you to react immediately to changing circumstances.”

Uros Rogulja, Chief Operating Officer of Gameyus, said: "We’re very happy to be working with Strategy First to bring Alliance Future Combat to North American strategy fans. Strategy First, like us, always focuses on innovative strategy titles that provide gamers with a new and challenging experience. We believe “Alliance” will satisfy even the most demanding strategy fans, and we say that because everybody in our team is an avid gamer as well. We invite all fans to let us know what they think of Alliance, and to send us their suggestions for our future titles."

About Alliance Future Combat
The year is 2008. The area between Iran, Afghanistan, India and China has become the Democratic Republic of North Dzambystan (DRND). To get financial aid from the United States the DRND¹s government allowed the US military to build a top-secret subterranean base. The DRND¹s government is unaware that the heavily fortified base is in fact a research center for genetic engineering on soldiers, and a testing lab for next-generation weaponry.

Features
· 20 action-packed combat missions full of intense tactical challenges and two interlinked campaigns putting the world's finest soldiers against the threat of global terrorism.
° Over 70 different choices of units that include special purpose personnel; snipers, medics, and engineers.
° The most detailed and realistic vehicles ever seen in a strategy game, chosen from among proven classics used in armed forces around the globe, alongside the newest in ground-breaking real-world military hardware.
° Voice Control with natural language support
° Near-future technological development, such as robotic vehicles and armed unmanned aircraft
° Night and day missions with realistic weather conditions
° No resource gathering, construction work or bean counting—just real-time action and strategy!

Alliance Future Combat will be available in stores across North America June 12, 2006 at a retail price of $19.99. Alliance Future Combat is rated T for Teen by ESRB.

For more information on Alliance Future Combat please visit: http://www.strategyfirst.com/en/games/Alliance/


About Gameyus Interactive Gameyus Interactive is a United States based company with a game development studio located in Belgrade, Serbia. Gameyus employs many veteran game developers with years of experience on different gaming platforms and genres. Our first PC Real-Time Strategy title Will of Steel (www.willofsteel.com) was published in 2004 across North America, Europe, and Asia. Gameyus’ stated mission is to: Create the newest technology and best possible graphics in order to bring gamers a Real-Time Strategy Experience unlike any other. www.gameyus.com

About Strategy First
Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings (Nasdaq: SSTR), is a leading developer and worldwide publisher of entertainment software for the PC. Founded in 1990, the Company is well known for its proprietary groundbreaking titles, such as the award winning Disciples and Jagged Alliance series of games, which are both under continuing development. Simultaneously, Strategy First continues to publish many of the industry’s major titles, winning numerous awards for games such as “Kohan: Immortal Sovereigns,” “Steel Beasts,” and “Galactic Civilizations.” Recent offerings include top releases such as “S.C.S. – Dangerous Waters™” and “Disney’s Aladdin Chess Adventures.” The Company provides 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, focusing on acquiring controlling positions in high growth fee-based electronic game businesses that stand to benefit from the economies of scale generated by Internet and other technology related platforms. It currently owns 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
The statements which are not historical facts contained in this press release are forward looking statements that involve certain risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission.
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Game: Alliance: Future Combat (PC)
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