CH Charbone Hydrogen Corporation

Urban Select Capital Corporation ("Urban Select") (TSX VENTURE:CH) and Granja
Gold Inc. ("Granja") are pleased to announce that they have entered into a
definitive agreement with Vena Resources Inc. ("Vena") (TSX:VEM) to acquire 100%
of Vena's interest in Granja de Oro SAC ("Granja Peru"), a Peruvian company
controlled by Vena (the "Acquisition") in consideration for the issuance of
10,000,000 common shares of Granja. Granja Peru owns three early stage
exploration projects in northern Peru (the "Properties"). Granja intends to
apply for a listing on the TSX Venture Exchange (the "Listing") which is
anticipated to be completed concurrently with completion of the Acquisition. 


The Acquisition is subject to a number of conditions, including among others:
completion of the Financing (as defined below); receipt of conditional approval
of the Listing; delivery by Vena of a National Instrument 43-101 compliant
technical report in respect of one of the Properties; and satisfactory due
diligence. Should the Acquisition be completed, it is expected that shareholders
of Urban Select will:




--  retain their current interest in Urban Select; 
--  retain an approximate 4% interest in Granja, an exploration and
    development company with properties in northern Peru; and 
--  through their interest in Urban Select, receive the benefit of Urban
    Select's approximate 5% interest in Granja.



Granja intends to complete a non-brokered financing of a minimum of $2,000,000
and a maximum of up to $3,000,000 consisting of a minimum of 13,333,333 and a
maximum of up to 20,000,000 units of Granja at a price of $0.15 per unit (the
"Financing"). Each unit consists of one common share of Granja and one half of
one non-transferable common share purchase warrant exercisable for two years at
a price of $0.30 in the first year after closing of the private placement or at
$0.45 in the second year. The use of process for Financing are to fund ongoing
capital expenditures of Granja's exploration and development program for the
next 12 months, for general working capital purposes and for expenses incurred
in connection with the listing on the TSX Venture Exchange. 


According to Min Kuang, President and CEO of Urban Select and President of
Granja, "We are very excited and optimistic about the Granja Gold transaction
and working together with the highly qualified and experienced management team
at Vena Resources. We believe that the on-the-ground expertise and
infrastructure provided by Vena Resources and favorable mining environment in
Peru combined with a smart capital investment structure will create value for
our investors." 


Further information about the Acquisition, Granja, Granja Peru, the Properties
and the Financing will be provided in the listing application to be prepared in
connection with the Listing, a copy of which will be available 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.
Urban Select's management team is composed of investment professionals combining
an Asian background with Western education and extensive experience in
investment banking, venture capital and fund management in Canada, China and the
U.S. 


ABOUT GRANJA

Granja Gold Inc. is a newly incorporated reporting issuer in the provinces of
British Columbia and Alberta created pursuant to a recently completed plan of
arrangement transaction with Urban Select. Granja's aim is to complete the
Acquisition of Granja Peru and listing on the TSX Venture Exchange. 


Caution Regarding Forward-Looking Statements - This news release contains
certain forward-looking statements, including statements regarding the business
and anticipated financial performance of Urban Select and Granja, including with
respect to completion of the Acquisition, completion of the Financing,
completion of the Listing 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 Acquisition, the Financing or the Listing will be
completed as proposed or at all. The Acquisition remains subject to a number of
conditions including completion of the Financing and approval of the Listing,
among others. 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. Each of Urban Select and Granja do not undertake to update any
forward looking statements, oral or written, made by itself or on its behalf
except as required by law.

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