Sherbrook SBK Sport Corp Announces Closing of Private Placement and Share for Debt

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SHERBROOKE, QUEBEC--(Marketwire - June 30, 2010) - Sherbrook SBK Sport Corp. (TSX VENTURE:SBK) ("SBK" or the "Corporation") is pleased to announce that it has closed a non-brokered private placement of 2,010,000 units (a "Units") at a price of $0.15 per Unit for aggregate gross proceeds of $301,500. Each Unit consisted of one common share of the Corporation (a "Common Share") and one-half of one transferable share purchase warrant (each full warrant being a "Warrant"). Each Warrant entitles the holder to acquire an additional Common Share at a price of $0.25 at any time within 12 months of issuance. Insiders subscribed an aggregate of 120,000 common shares in the offering.

Proceeds will be applied to fund the Corporation's internal operations and working capital requirements.

SBK also wishes to report the TSX Venture Exchange has accepted for filing the corporation's proposal to issue 700,000 shares at a deemed price of $0.1125 per share to settle $78,500 of outstanding debt with Gestion Horizon G.L. and SBK has now issued the shares in satisfaction of the debt.

All securities issued pursuant to the private placement and the debt settlement agreements are subject to a four (4) month hold period that will expire on October 30, 2010.

About SBK

Founded in late 2008, Sherbrook SBK Sport Corp. (SBK) is a Quebec-based company offering a complete line of player and goaltender hockey sticks and protective equipment. SBK Hockey sells and gives excluding rights to an extensive list of distributors across Europe and North America, and has a network of Canadian and China based manufacturers;

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

28,978,942 shares outstanding

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