CH Charbone Hydrogen Corporation

Urban Select Capital Corporation ("Urban Select") (TSX VENTURE:CH) has announced
that the terms within which to execute a definitive agreement with Constantine
Metal Resources and Carlin Gold Corp. to acquire a 100% interest in the Yukon
Properties pursuant to the letter of intent ("LOI") announced by Urban Select on
February 27, 2012 has expired. Urban Select will continue to pursue a variety of
merger, acquisition or principal investment opportunities on behalf of its
shareholders in a manner that maximizes value for all investors. 


ABOUT URBAN SELECT

Urban Select Capital Corporation is an investment issuer 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.


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.

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