Mr. Martin Bajic reports

METROBRIDGE CLOSES PRIVATE PLACEMENT

Metrobridge Networks International Inc., further to its news release in Stockwatch dated Sept. 7, 2010, has closed a non-brokered private placement amounting to eight million units at a price of five cents per unit for total proceeds of $400,000. Each unit comprises one common share of the company and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase an additional common share at a price of 10 cents per share until Oct. 15, 2015.

Shares acquired by the placees are, and shares which may be acquired upon the exercise of the share purchase warrants will be, subject to a hold period until Feb. 16, 2011, in accordance with applicable securities legislation. The proceeds of the private placement will be used for general corporate purposes.