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Non-Tech : Sungold International Holdings Corp. (SHIHF)

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To: Troy Griffin who started this subject	2/1/2001 7:56:03 AM
From: Troy Griffin	of 20

SUNGOLD ANNOUNCES APPOINTMENT OF NEW DIRECTORS Vancouver, British Columbia [Business Wire] January 30, 2001. Sungold Entertainment Corp. (OTC Bulletin Board: SGGNF News) announced today the appointment to the board of Sungold Entertainment Corp and Horsepower Broadcasting Network Inc (HBN) and the granting of 100,000 incentive stock options in Sungold Entertainment Corp. at $0.15 USD per share for five years to both Steven Marette and Peter Morgana. Steven Marette, B. Sc. age 38 was the operating manager for Technical Systems Testing. Steven was the lead project manager for the government of Antigua and Barbuda (the largest licensed internet gaming jurisdiction in the world). Mr. Marette managed and developed gaming machine testing programs, systems acceptance programs and technical standards/training programs for the Atlantic Lottery Corporation, British Columbia Lottery Corporation, Ontario Lottery and Gaming Corporation, Oregon Lottery Corporation and The State of Arizona. Steven wrote and published the internet standard for the government of Dominica Republic. Steven is currently President of M2 Works Corporation an independent consulting business. Peter Morgana, P.Eng. age 38 has 15 years of experience managing logistics and operations with high technology companies. Recently Mr. Morgana was the Director of Facilities Management for Electronic Arts (Canada) (ERTS: Nasdaq) and was responsible for completing the final stages of the construction process and implementing all facility management operations and services at Electronic Arts new 207,000 sq. ft. world class facility. Electronic Arts is a leading high tech/graphic design company doing work for prominent online firms such as AOL and employs 550 people at Discovery Place in Burnaby, BC. Peter currently holds a senior position with Olympia & York Properties Ltd. and is a director of M2 Works Corporation. Sungold and Horsepower™ are proud to have Mr. Marette and Mr. Morgana on the team. Sungold believes that Stevens’ skill and knowledge in testing and developing gaming systems and Peters’ experience in consulting and implementing facility management operations and services will be valuable as Sungold prepares to launch its US dollar “HBN” virtual horseracing site to the online world. Sungold Entertainment Corp. (OTCBB: SGGNF) Per: “Kim Noble Hart” Kim Noble Hart, President & CEO For more information regarding this release or to be updated on future corporate news, please contact Anne Kennedy at (604) 669 9580. This news release contains forward-looking statements regarding projected revenues. Forward-looking statements address future events and conditions based on the opinions and estimates of management and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements.

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