SVI StorageVault Canada Inc

Storm Ventures International Inc. ("SVI") is pleased to announce that on
December 24, 2008 it completed the acquisition of all of the outstanding shares
of Silverstone Energy Limited ("SEL") that it did not already indirectly own
pursuant to a share exchange. The share exchange ratio was 1.67 of a common
share of SVI ("SVI Share") for each ordinary share of SEL and SVI issued
approximately 34.6 million SVI Shares pursuant to the acquisition. The basis for
the share exchange ratio was determined by the results of independent
engineering valuations of proven and probable reserves on an after tax basis for
both companies and certain other minor assets. Prior to completing the
acquisition, SVI indirectly owned approximately 33% of the outstanding ordinary
shares of SEL.


Following completion of the acquisition SVI has approximately 76.2 million SVI
Shares outstanding and 2p reserves of 36 million barrels of oil equivalent
(Mmboe).


The two companies complement each other with SEL being a focused gas play in the
UKCS and SVI being a focused oil play in Tunisia. Management believes both
companies have an excellent balance of leads, prospects and discoveries to
progress to development and hope to see financially independent active
operations funded from domestic cash flow in each area within two years. The
combination simplifies the executive management structure of SVI in anticipation
of a public listing sometime in the future and the increased size of the
combined company is expected to be a positive attribute in attracting future
capital in the current difficult market.


"Consolidating our ownership position in SEL will make it easier to manage the
company for the benefit of all shareholders during this period of declining
commodity prices and poor access to new capital. Dependant on commodity prices
and service sector costs the combined company will internally finance a 5 well
drilling program and move discoveries in both operating areas to the development
approval stage. We are excited by the prospects this opportunity provides to
strengthen our platform for delivery in all arenas in which we operate and feel
we will have a stronger team with the inclusion of the SEL staff into SVI" said
Matthew J. Brister, President and Chief Executive Officer of SVI.


Certain statements and information contained in this press release constitute
forward-looking information. These statements are based on certain assumptions
and analysis made by SVI in light of its experience and its perception of
historical trends, current conditions and expected future developments, as well
as other factors it believes are appropriate in the circumstances. However,
whether actual results, performance or achievements will conform to SVI's
expectations and predictions is subject to a number of known and unknown risks
and uncertainties which could cause actual results to differ materially from
SVI's expectations. Consequently, all of the forward-looking information and
statements made in this press release are qualified by this cautionary statement
and there can be no assurance that the actual results or developments
anticipated by SVI will be realized or, even if substantially realized, that
they will have the expected consequences to or effects on SVI or its business or
operations. SVI assumes no obligation to update publicly any such
forward-looking information and statements, whether as a result of new
information, future events, or otherwise.

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