DREDGING AND RECLAMATION WORKS FOR THE DREAM ISLAND DEVELOPMENT PROJECT, MANAMAH, BAHRAIN
SCHEDULED TO COMMENCE BY JANUARY 15, 2004.

News Release #6-03
Symbol: SIII
Exchange: OTC: BB
December 23, 2003
Shares issued: 17,293,596
Sec # 33 - 28188
NEWS RELEASE

Strategic Internet Investments, Incorporated (the “Company”) is pleased to provide shareholders with the following update concerning Dream Island Leisure & Entertainment Resort Complex, (the “Dream Island Project”).

Gulf Star World Development W.L.L., of Bahrain (“Gulf Star”) 100% owner and developer of the Dream Island Project in conjunction with the Company, Star Leisure & Entertainment Inc., (“Star Leisure”), Robodh Contracting Establishment of Bahrain (“Robodh”) and Jzala Investment Group of Saudi Arabia, (“Jzala”) held a meeting on December 15, 2003 in Manamah, Bahrain, with the Chief of Central Strategy Office of the Ministry of Finance and National Economy, Kingdom of Bahrain, to discuss final arrangements and permitting required in order to commence the dredging and reclamation works for the construction and establishment of the of 41 acre (16.5 hectare) offshore man made island that is to be the site of the future Dream Island Project.

At this meeting all parties agreed that dredging operations can start before January 15, 2004 subject to Robodh obtaining final permitting and environmental approval for the removal of sand at the dredging site, which sand will be transported to the Dream Island construction site to form the man made island. Robodh, in consultation with applicable government authorities, anticipates obtaining final permitting and environmental approval before January 15, 2004 and once obtained, has informed the Company that it intends to immediately start dredging and reclamation operations.

Robodh has established an engineering and construction office at the Dream Island Project construction site as well has assembled the necessary dredging equipment on site, in anticipation of the mid January 2004 start up.

The Dream Island Leisure & Entertainment Resort Complex, at an estimated completion cost of approximately US $130 million, is designed to be a landmark tourist resort complex within Bahrain. The project is scheduled for completion in 2007 and is fully supported by the Bahrain governmental authorities.

The Company maintains certain contractual rights to purchase 80% of the issued and outstanding common shares of Gulf Star from Star Leisure, an affiliate of the Company. Please refer to the Company's July 12th, 2002 news release No. 2-02 for more details on this transaction and a brief description of the project.

Investors are also encouraged to visit the Company's web site, at the address noted below, to view conceptual drawings and plans for the Dream Island Resort Complex.

For further information contact:

Corporate Contact: Strategic Internet Investments, Inc. (604) 684-8662 email: info@siiincorporated.com www.siiincorporated.com

Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

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