SBK Sherbrook Sbk Sport Corp

Sherbrook SBK Sport Corp. (TSX VENTURE: SBK) ("SBK" or the "Corporation") announces changes to the terms of its previously-announced private placement of 12% unsecured convertible debentures (the "Debentures").

The maximum aggregate principal amount of the Debentures is now set at $3 million. The principal amount of the Debentures will be convertible into units of the Corporation at a price of $0.13 per unit, each unit will be comprised of one common share and one-half of a common share purchase warrant (the "Offering"). Each whole warrant will entitle the holder thereof to acquire one additional common share of the Corporation at a price of $0.25 for a period of 36 months following the closing date. The accrued interest payable on the Debentures during the first year of there respective terms will be paid in units of the Corporation at a price per unit equal to the daily weighted average price of the common shares of the Corporation on the TSX Venture Exchange (the "TSXV") the day before the conversion date. The accrued interest payable on the Debentures during the second and third year of there respective terms will be payable in cash. The Debentures will be offered to accredited investors in the provinces of Quebec, Ontario, British Columbia and Alberta.

As previously announced, Notre-Dame Capital Inc. ("NDC") will act as agent for the Offering on a best-efforts basis.

In connection with the Offering, the Corporation will pay a cash commission to NDC in an amount equal to 8% of the gross proceeds of the Offering. In addition, the Corporation will issue to NDC non-transferable broker warrants to acquire a number of common shares representing 8% of the number of common shares issuable assuming conversion of all the debentures sold in the Offering. Each broker warrant will entitle the holder to acquire one additional common share of the Corporation at a price of $0.13 for a period of 24 months from the date of closing.

The initial closing of the private placement is expected to take place on or about June 30, 2011. The private placement is subject to customary closing conditions, including the signing of an agency agreement between the Corporation and NDC. The TSXV has conditionally approved the Offering.

The securities to be issued pursuant to the Offering will be subject to a four month restricted period. The net proceeds of the Offering will be used for potential acquisitions, marketing expenses and working capital purposes.

About Notre-Dame Capital Inc.

NDC is a specialty investment and merchant bank specializing on the small cap and mid cap Canadian public companies. NDC is a licensed exempt market dealer reporting to the AMF and licensed to operate in most of the major provinces of Canada. The partners and shareholders of NDC have been instrumental in financing several hundred Canadian companies amounting to well over $5 Billion in aggregate financings over the last 25 plus years. NDC is Canada's leading dealer in Equity Lines and has recently introduced "Flexible Capital™", which consists of a variety of innovative financing tools for companies, founders, executives and Members of the Boards alike.

About Sherbrook SBK Sport Corp.

SBK is a Canadian publicly traded company specializing in the design and distribution of sporting goods and apparels. The Corporation's current main focus is on the design, manufacturing and distribution of hockey equipment including a variety of sticks, skates and protective gear for both players and goalie.

IMPORTANT INFORMATION

Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of SBK to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Corporation or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the Corporation's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and SBK does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on the SBK's website does not constitute a part of this release.

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

Contacts: Sherbrook SBK Sport Corp. Georges Guilbault President 819-791-2066 gguilbault@sbkhockey.com www.sbkhockey.com/ Hilbroy Advisory Inc. Jean-Francois Amyot, President 514-334-3131 info@hilbroyadvisory.com www.hilbroyadvisory.com/ Consultant: Mergers & Acquisitions