IND DAIRYTECH LIMITED MAILS MEETING MATERIALS FOR THE EXTRAORDINARY GENERAL MEETING OF COMMON SHAREHOLDERS

VANCOUVER, July 5, 2011 /CNW/ -- 
VANCOUVER, July 5, 2011 /CNW/ - IND DairyTech Limited ("IND" or "the
 Company") (TSXV:IND) would like to take this opportunity to remind
 shareholders that the Company will hold an extraordinary general
 meeting of common shareholders (the "Meeting") in Beijing, China on
 July 29, 2011 at 10:00 a.m. (Beijing time) to approve the proposed take
 private transaction of the Company (the "Transaction").  The Notice of
 Meeting, the Management Information Circular (the "Circular"), the form
 of proxy and other meeting materials have been mailed to shareholders. 
 Shareholders are asked to ensure their proxies are submitted and
 received at least 48 hours (excluding Saturdays, Sundays and holidays)
 before the Meeting at which such proxies are to be used.


The Transaction will require three resolutions to be approved by
 shareholders: (i) a special resolution to authorize amendments to the
 Company's articles of association (the "Articles") to revise the share
 redemption provisions and certain other provisions of the Articles that
 are necessary to provide the Company a right to compel the redemption
 of its share capital (the "Pre-Consolidation Amendment Resolution");
 (ii) a special resolution to authorize amendments to the Articles to
 revise the share rights provisions of the Articles to vary the rights
 attached to the Company's share capital (the "Pre-Consolidation
 Variation Resolution"); and (iii) an ordinary resolution to authorize
 the consolidation of the issued and outstanding and authorized share
 capital of the Company on a two million to one basis (the
 "Consolidation Resolution").  Each of the Pre-Consolidation Amendment
 Resolution and the Pre-Consolidation Variation Resolution requires the
 approval of at least two-thirds of the votes cast by shareholders
 present in person or represented by proxy at the Meeting.  The
 Consolidation Resolution requires the approval of a majority of votes
 cast by shareholders present in person or represented by proxy at the
 Meeting.


Since the Transaction is considered to be a "business combination" for
 the purposes of TSX Venture Exchange Policy 5.9 - Protection of Minority Security Holders in Special Transactions (which incorporates the provisions of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101")), the Pre-Consolidation Amendment Resolution, the
 Pre-Consolidation Variation Resolution and the Consolidation Resolution
 must each be approved by a majority of the votes cast in respect
 thereof by the minority shareholders present in person or represented
 by proxy at the Meeting.  To the knowledge of the Company's management
 as at the date of the Circular, for the purposes of minority voting
 under MI 61-101, a total of 89,243,451 Common Shares held by the Excel
 Advance International Ltd., Unique Way Technology Ltd., their
 associates, affiliates and joint actors will be excluded from the
 minority vote in respect of the Pre-Consolidation Amendment Resolution,
 the Pre-Consolidation Variation Resolution and the Consolidation
 Resolution.


About IND DairyTech Limited


IND, through its operating subsidiaries, is an emerging raw milk and
 Holsteins producer in China that is seeking to become a leading
 provider of high quality raw milk and Holsteins to the Chinese dairy
 industry. To meet China's increasing demand for dairy products, the
 Company is using Canadian cattle genetics and North American farming
 practices to establish and develop its dairy herd in China.


The Company plans to develop its herd in China through the use of
 advanced breeding techniques employing Canadian Holstein embryos that
 it intends to use to impregnate surrogate cows. These embryos have been
 created through in vitro fertilization using sexed semen to achieve an
 approximate 90% female birth rate. The use of these advanced breeding
 techniques is expected to allow the Company to rapidly expand its herd.
 The use of Canadian Holstein embryos also provides a practical solution
 to China's ban on the import of live Canadian cattle.


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 news
 release.


Forward-Looking Statements:


This news release contains forward-looking statements relating to the
 proposed Transaction, including statements regarding the completion of
 the proposed Transaction. Such forward-looking statements are subject
 to important risks, uncertainties and assumptions. The results or
 events predicted in these forward-looking statements may differ
 materially from actual results or events. As a result, you are
 cautioned not to place undue reliance on these forward-looking
 statements.


The completion of the proposed Transaction is subject to a number of
 terms and conditions, including, without limitation: (i) approval of
 the TSX Venture Exchange; (ii) required shareholder approvals; (iii)
 support of certain remaining shareholders who will not receive any
 consideration as a result of the proposed transaction; and (iv) certain
 termination rights available to the parties under a support agreement
 (the "Support Agreement"). These approvals may not be obtained, or the
 conditions of the Transaction may not be satisfied in accordance with
 their terms, and/or the parties to the Support Agreement may exercise
 their termination rights, in which case the proposed Transaction could
 be modified, restructured or terminated, as applicable.


The forward-looking statements contained in this news release are made
 as of the date of this release. Except as required by applicable law,
 the Company disclaims any intention and assumes no obligation to update
 or revise any forward-looking statements, whether as a result of new
 information, future events or otherwise. For additional information
 with respect to certain of these and other assumptions and risks,
 please refer to the management circular to be filed by the Company with
 the applicable securities commissions, which will be available at www.sedar.com.


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table valign="top" border="0" tr valign="top" td align="left" Jesse Zhubr/ Chief Executive Officer      br/ IND DairyTech Limitedbr/ 604-522-1619 /td td valign="top" align="left" Selen Zhoubr/ Corporate Secretarybr/ IND DairyTech Limitedbr/ 604-522-1619 /td /tr /table 

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