Sungold(R) Affiliate, Silks Corporation, Signs Agreement to Operate Advance Deposit Wagering Site

TORONTO, ONTARIO -- (MARKET WIRE) -- 05/21/08 -- SUNGOLD INTERNATIONAL HOLDINGS CORP. ("Sungold") (OTCBB: SGIHF)(FRANKFURT:WKN 608164, Berlin)

Sungold International Holdings Corp. announces that its affiliate company, Silks Corporation, has signed an agreement with North Dakota Horse Park, to operate a new online Advance Deposit Wagering (ADW) site, 'Racingtheworld.com'. This site will accept online wagers for North American horse racing from around the world, 24 hours a day.

Silks Corporation was incorporated by Sungold(R) specifically to operate the ADW site, www.racingtheworld.com, which will integrate with ThoroughbredStyle Magazine's website, www.thoroughbredstyle.net, to provide a seamless opportunity for subscribers and others around the world to view and wager on live North American horse racing.

North Dakota Horse Park is a racetrack located in Fargo, N.D., that features year-round simulcast wagering in addition to live Thoroughbred, Quarter Horse, and Standardbred racing meets, on some of the largest field sizes in North America.

Michael Cichy, President of Silks Corporation, explained, "This agreement is a significant step forward for the Sungold group, into the worldwide, online horse race wagering market."

General Manager of the North Dakota Horse Park, Heather Benson, adds, "We are extremely pleased with this agreement, and it provides a designated percentage to go to our Horsemen via purse enhancement. The mutual benefit makes this partnership unique and perhaps a precedent for future associations, not only here in North Dakota, but throughout the industry."

About Sungold International Holdings Corp.:

Sungold(R) is in the business of developing entertainment and e-commerce business in Canada, USA and internationally. Sungold(R) has four 100% wholly owned subsidiaries: Horsepower Broadcasting Network (HBN) International Ltd., Racing Unified Network (R.U.N.) Inc., Silks Corporation and SafeSpending Inc. Sungold(R) controls the technology, source codes, trademarks, patents, copyrights and the worldwide title, rights and interest in each of the wholly owned subsidiaries. Sungold(R) also holds a 38% interest in Silks Media Corporation which publishes ThoroughbredStyle Magazine. Sungold(R) is a fully reporting public corporation trading as SGIHF-OTCBB.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: The statements in this press release that relate to the Company's expectations with regard to future impact on the Company's results from new products in development are forward looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Such information may contain statements that involve risks and uncertainties and is subject to change, at any time. The Company's results may differ materially from expected results. Information on the factors, which could affect the Company's operations or financial results, is included in the Company's reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission.

Contacts: McDerMedia, Inc. John McDermott Public Relations 1-888-SUN-INTL Email: pr@sungoldintl.com Website: www.sungoldintl.com

2008-05-21 18:17:08 0368290 MARKETWIRE