Urban Select Closes Plan of Arrangement with 1151559 B.C. Ltd.

Vancouver, British Columbia (FSCwire) - Urban Select Capital Corporation (TSX-V: CH) (“Urban Select” or the “Company”) announces it has closed the plan of arrangement with 1151559 B.C. Ltd. (“Subco”) in which the new company will be named Pinmo Blockchain Corp.

Pursuant to an Arrangement Agreement dated February 5, 2018 (as approved by shareholders on March 15, 2018 and by the B.C. Supreme Court on March 19, 2018) Urban Select has invested $75,000 into Subco and received 1,500,000 shares of Subco.  It is the intention of Urban Select to distribute the Subco shares to the shareholders of Urban Select, on a pro-rata basis, as a return of capital or dividend-in-kind, as soon as possible.

Subco is investigating opportunities in the cryptocurrency and blockchain sectors, and expects to be in a position to announce an agreement in principle next week.

“We are excited about opportunities to facilitate investments in the blockchain space led by Urban Select, and to assist targets in becoming listed on a Canadian stock exchange” comments Min Kuang, president and CEO of Urban Select.  “We look forward to updating shareholders on developments with this particular subsidiary.”

About Urban Select Capital Corp.

Urban Select Capital Corp. is an investment issuer focused on investing growth capital in private and public companies in a broad range of sectors including natural resources, media & entertainment, education, healthcare 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.

For further information, please contact:

David Yoo

Chief Financial Officer and Managing Director

Phone: 604-689-0618

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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