SilverBirch Energy Corporation receives court approval for arrangement

    




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

 TSX V Trading Symbol: SBE 

 CALGARY, April 2, 2012 /CNW/ - SilverBirch Energy Corporation ("SilverBirch") is pleased to announce that today it obtained a final order from the  Court of Queen's Bench of Alberta in respect of its previously  announced plan of arrangement (the "Arrangement") involving SilverBirch, Teck Resources Limited ("Teck"), 8071667 Canada Inc. (the "Purchaser") and SilverWillow Energy Corporation ("SilverWillow"). 

 The Arrangement involves the acquisition by the Purchaser (a wholly  owned subsidiary of Teck) of all of SilverBirch's outstanding shares,  except for those currently held by Teck.  The holders of common shares  of SilverBirch ("SilverBirch Shares") will ultimately receive, for each SilverBirch Share held, cash  consideration of $8.50 per share and one common share of SilverWillow. 

 SilverBirch and Teck intend to proceed with the completion of the  Arrangement on or about April 4, 2012.  Following completion of the  Arrangement, it is anticipated that the SilverBirch Shares will be  delisted from the TSX Venture Exchange  and SilverBirch will apply to cease to be a reporting issuer under  the securities laws of each of the provinces of Canada in which it is  currently a reporting issuer.  It is anticipated that the common shares  of SilverWillow (the "SilverWillow Shares") will commence trading on the TSX-V on or about April 5, 2012 subject  to SilverWillow fulfilling all the applicable listing requirements. 

 Advisory Regarding Forward-Looking Information  

 This news release contains "forward-looking information" within the  meaning of applicable securities laws. The use of any of the words  "will", "intend", "anticipated" and other similar words or expressions  are intended to identify forward-looking information. More particularly  and without limitation, this news release contains forward-looking  information concerning the completion of the Arrangement, the expected  timing of the completion of the Arrangement, the delisting of the  SilverBirch Shares, the application of SilverBirch to cease to be a  reporting issuer and the date on which the SilverWillow Shares will  commence trading on the TSX-V. 

 The forward-looking information in this news release is based on certain  key expectations and assumptions made by SilverBirch, including  assumptions as to the time necessary to satisfy the remaining  conditions to the closing of the Arrangement and the time required for  the delisting of the SilverWillow Shares and the commencement of  trading of the SilverBirch Shares.  Although SilverBirch believes that  the expectations and assumptions on which such forward-looking  information is based are reasonable, undue reliance should not be  placed on the forward-looking information because SilverBirch can give  no assurance that it will prove to be correct. 

 The forward-looking information in this news release is subject to known  and unknown risks and uncertainties and other factors which may cause  actual results to differ materially from those expressed or implied in  the forward-looking information. Such risks, uncertainties and factors  include, among others, the need for additional time to satisfy the  remaining conditions to the completion of the Arrangement. Listing of  the SilverWillow Shares is conditional upon SilverWillow fulfilling the  requirements of the TSX-V and there can be no assurance that the TSX-V  will list the SilverWillow Shares. As a result of the foregoing,  readers should not place undue reliance on the forward-looking  information contained in this news release. 

 Readers are cautioned that the foregoing list of factors is not  exhaustive. Additional information on these and other factors that  could affect the operations or financial results of SilverBirch are  included in SilverBirch's Information Circular dated February 28, 2012  and in reports on file with applicable securities regulatory  authorities and may be accessed through the SEDAR website www.sedar.com. 

 The forward-looking information contained in this news release is made  as of the date hereof and SilverBirch undertakes no obligation to  update publicly or revise any forward-looking information, whether as a  result of new information, future events or otherwise, unless so  required by applicable securities laws. 

 NEITHER THE 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 

SilverBirch Energy Corporation


CONTACT:  please contact Howard J. Lutley, President and Chief ExecutiveOfficer,at [phone]. 


    

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