VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 3, 2012) -

NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE US.

Urban Select Capital Corp. ("Urban Select" or the "Company") (TSX VENTURE:CH) announces that the Company has received unanimous shareholder approval of its previously announced Plan of Arrangement. In addition, the Company announces that it has received conditional approval of the Plan of Arrangement from the TSX Venture Exchange and has received a Final Order from the Supreme Court of British Columbia approving the Arrangement. Further information regarding the Plan of Arrangement can be found in the Company's Information Circular at [ www.sedar.com ].

ABOUT URBAN SELECT

Urban Select Capital Corporation is global investment management, financial advisory and private equity firm focused on investing growth capital into private and public companies in a broad range of sectors including renewable energy, natural resources, chemicals, agriculture and consumer retail services.

Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company, including with respect to completion of the Plan of Arrangement, the entering into of a Definitive Agreement, completion of the Financing, completion of the Acquisition and the anticipated results thereof. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. There is no guarantee that any of the Plan of Arrangement, the entering into of the Definitive Agreement, the Acquisition or the Financing will be completed as proposed or at all. The Plan of Arrangement remains subject to approval of the Company's shareholders, the Supreme Court of British Columbia and the TSX Venture Exchange. The Acquisition is subject to completion of the Plan of Arrangement, execution of a Definitive Agreement and completion of the Financing, among other things. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf except as required by law.

Publication Contributing Sources

• Market Wire