CY

Cybersurf Corp. ("Cybersurf") (TSX VENTURE:CY), one of Canada's leading Internet
technology and service companies, today provides an update on its proposed sale
of assets pursuant to a letter of intent with another Canadian
telecommunications company (the "LOI"), first announced by press release on
February 27, 2009. Cybersurf continues to negotiate the definitive asset
purchase agreement contemplated by the LOI with the purchaser, Distributel
Communications Limited ("Distributel") or a corporation designated by
Distributel. Cybersurf and all directors and officers of Cybersurf are at arm's
length with Distributel.


The assets which Cybersurf has agreed to sell to Distributel include all of
Cybersurf's assets relating to its internet access user bases including high
speed, long distance and VoIP telephone services in Canada, the associated
underlying agreements and other relevant assets (the "Purchased Assets"),
including the shares of certain wholly-owned subsidiaries of Cybersurf. In
addition, Distributel will assume certain liabilities of Cybersurf relating to
its business (the "Assumed Liabilities"), including prepaid services to
subscribers for cable, DSL, internet access, long-distance and VoIP services,
liabilities relating to employees of Cybersurf assumed by Distributel, and
liabilities and obligations of Cybersurf relating to the Purchased Assets
accruing or to be performed on or after the effective time of the transaction.
The purchase price payable by Distributel is $5,500,000, of which $4,800,000
will be paid in cash at the closing and $700,000 will be held in escrow to
secure the completion of certain post-closing obligations.


In connection with the proposed sale of assets, Cybersurf engaged a financial
advisor (the "Advisor"), which will be paid a success fee of $270,000, payable
on closing of the transaction. The Advisor is also entitled to be paid its
expenses in connection with the transaction up to $2,500.


Closing of the proposed sale of assets will be subject to, among other
conditions, the approval of the TSX Venture Exchange and the approval of
Cybersurf shareholders by special resolution at a duly called meeting of
shareholders (the "Meeting"), the date of which will be announced after the
transaction has received conditional approval from the applicable regulatory
authorities. Further details of the terms of the proposed sale of assets will be
described in the information circular in respect of the Meeting.


"Distributel is a pioneer in the competitive telecommunications market and is
renowned for delivering great prices and excellent service to its customers. We
believe Cybersurf's customers will be left in good hands for the future", said
Paul Mercia, Chief Executive Officer of Cybersurf Corp.


About Cybersurf Corp.

Cybersurf is an independent Internet and communications company providing
consumers in the United States and Canada with a value-driven alternative to
large incumbent carriers. Cybersurf prides itself on providing the highest
possible quality of services at the lowest possible prices and is one of
Canada's largest independent Internet service providers.


Cybersurf believes consumers want 'The Freedom of Choice' that comes with having
a truly independent provider as an alternative to larger incumbent telephone
companies or cable carriers -- a choice that allows users to connect to the
Internet how they want and with an independent provider that focuses on the
needs of today's average user by providing quality service at the best possible
price. Cybersurf is that choice.


Cybersurf's common shares trade on the TSX Venture Exchange under the trading
symbol "CY".


(i)Note: Cybersurf is currently subject to Cease Trade Orders issued by the
Alberta Securities Commission on December 30, 2008 and the Ontario Securities
Commission on January 16, 2009.


About Distributel

Distributel Communcations Limited is a privately held Canadian corporation in
business since 1988. Together with it's Quebec-based affiliate Communication
Telosysteme Inc., which operates as Distributel, it provides long distance,
internet, teleconferencing and local telephone services to some 200,000
Canadians. The acquisition of Cybersurf's user base and related assets will
augment Distributel's participation in the internet marketplace and expand its
geographical presence to Western Canada. Distributel looks forward to growing
its excellent customer service reputation within the Cybersurf user base.


There is a significant risk to completing any transaction of this nature or
completing on the terms set out in this release. Shareholders are cautioned and
advised to seek the appropriate investment advice relevant to their
circumstances and level of sophistication.


Distributed by Filing Services Canada and retransmitted by Marketwire.

Forward Looking Statements

This news release may contain certain forward-looking statements. All
statements, other than statements of historical fact, included herein, are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in such
statements. Forward-looking statements are based on the estimates and opinions
of management on the date the statements are made, and Cybersurf does not
undertake an obligation to update forward-looking statements should conditions
or management's estimates or opinions change.

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