China Select Capital Partners Receives Government Approval in Suzhou

  China Select Capital Partners Corp. (TSX VENTURE: CH) ("CH") has received approval to manage Renminbi-denominated (RMB) investment funds from the municipal government of Suzhou Industrial Park as an onshore fund management company.

"China Select is one of the first Canadian firms to be granted a license to manage RMB-denominated private equity funds in China," said Joseph Fodor, Chief Executive Officer of China Select. "We are extremely excited about this unique opportunity to establish RMB funds investing in China alongside our renowned and respected joint-venture domestic partners in China."

On March 1, 2010, the Chinese government approved new foreign-invested partnership (FIP) rules allowing for the establishment of foreign investment companies and joint-venture domestic investment management companies in China. The new FIP regulations open the possibility to allow for foreign-invested onshore management entities and onshore private equity investment entities to be incorporated in major Chinese localities giving foreign investors the opportunity to invest in RMB into local domestic-only market opportunities previously unavailable to foreigners.

About China Select Capital Partners Corp.

China Select Capital Partners is a Canada-based asset and investment management firm focused on managing and facilitating foreign investment in the private equity RMB fund industry and investing in leading private and public companies whose businesses involve later-stage renewable energy, environmental technology or other selected sectors and identify an exit strategy either in China or North America. China Select's management team is composed of talented and experienced investment professionals combining an Asian background with Western education and extensive experience in investment banking, venture capital and venture fund management in Canada, China and the U.S.

On behalf of the board of CHINA SELECT CAPITAL PARTNERS CORP.

Min Kuang, President, Chief Operating Officer and Director

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

Contacts: China Select Capital Partners Corp. Joseph Fodor Chief Executive Officer [phone] [e-mail] China Select Capital Partners Corp. David Yoo Managing Director [phone] [e-mail]