VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 2, 2011) - Urban Select Capital Corporation. (the "Company") is pleased to announce that it has entered into a letter of intent ("LOI") with Vena Resources Inc. ("Vena"), a company listed on the Toronto Stock Exchange. Pursuant to the terms of the LOI, the Company and Vena have agreed to establish a new company focused on gold exploration and development in Northern Peru. The new company is expected to be called Granja Gold Inc. ("Granja").