Business NewsMarketWire • Urban Select Announces Letter of Intent With ARNEVUT Resources

Urban Select Announces Letter of Intent With ARNEVUT Resources

Urban Select Announces Letter of Intent With ARNEVUT Resources

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2011) - Urban Select Capital Corporation (the "Company") (TSX VENTURE:CH) is pleased to announce that it has entered into a letter of intent ("LOI") with ARNEVUT Resources Inc. ("ARNEVUT"), a Colorado incorporated private company dedicated to the identification and active exploration of mineral properties. Pursuant to the terms of the LOI, the Company and ARNEVUT have agreed to establish a new company focused on precious metals exploration and development in the Western United States, especially in Nevada. The new company is expected to be called ARNEVUT Exploration Corp. ("ARNEVUT Exploration").

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