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Strategy First Inc. and Muzzy Lane Release Patch 2.0.4 for Making History: The Calm and the Storm

News Flash!

Montreal, Canada. May 20, 2008. Software Publisher Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), and developer Muzzy Lane, have released patch 2.0.4 for Making History: The Calm and the Storm. Patch 2.0.4 includes the following features:

Features

• New Features

• Modding Improvements

• Performance Improvements

• Bug Fixes

• UI changes

• Content Changes

• AI Changes

• Editor Changes

and much more…

Download the patch today directly from the Strategy First website at:

http://www.strategyfirst.com/en/games/MakingHistory/downloads/#Downloads585

The list of changes can be found directly at the Strategy First website at:

http://www.strategyfirst.ca/downloads/patches/mhpatch204.html

About Muzzy Lane

Muzzy Lane Software was founded in 2002 and is based in Newburyport, Mass. With its first release,“MAKING HISTORY®: The Calm&the Storm,” Muzzy Lane takes a fresh new approach to multiplayer computer games, combining a flexible 3-D game engine with high-fidelity content that allows players to engage the turning points in history as if they were there. www.muzzylane.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 fabless semiconductor company and innovator of radio frequency (RF) solutions for the cellular industry. www.silverstarholdings.com

About Strategy First Inc

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, Jagged Alliance and Space Empires series of games, which are under continuing development. Simultaneously, Strategy First continues to publish many of the industry’s major titles, winning numerous awards for games such as“Hearts of Iron”, and“Galactic Civilizations.” Recent offerings include top releases such as“S.C.S.– Dangerous Waters™” and“Space Empires V.” The Company provides a unique alternative for independent developers seeking to market their games to a worldwide audience. www.strategyfirst.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

For more information, please contact:

Maria Loreto

Strategy First Inc.

mloreto@strategyfirst.com

Tel: 514-844-3040 ext.242