IND Indy Diarytech Limited Com

China One Corporation (TSX VENTURE: IND) ("IND" or the "Company") is pleased to announce the appointment of Mr. Felipe Tan to the Board of Directors and Mr. James Xiang to the position of Chief Financial Officer.

Felipe Tan, based in China, has been the Chief Executive Officer and a director of GobiMin Inc., a TSX Venture-listed company since 2005. Along with extensive experience in finance and business development in the Asian capital markets, Mr. Tan was also the director of a Hong Kong listed company for more than 17 years.

James Xiang has been the CFO of GobiMin Inc. since 2006. Mr. Xiang's previous experience includes various corporate finance assignments for a number of TSX listed public companies. James Xiang is a registered CMA and CPA (Delaware) and has received a Master of Business Administration degree from York University in 2003. Mr. Xiang replaces Mr. Solomon Lam as CFO.

Effective as of the completion on December 12, 2008 of the private placement financing (the "Financing") and the qualifying transaction (the "Qualifying Transaction") of the Company as a Capital Pool Company under the policies of the TSX Venture Exchange, IND Lifetech Group Ltd. ("IND Lifetech") became the wholly-owned subsidiary and operating company of the Company. The Financing and Qualifying Transaction are more fully reported in the Company's previous press release dated December 17, 2008. On December 18, 2008, Shares of the Company began trading on the TSX Venture Exchange under the "IND" trading symbol as a Tier 1 Listed Issuer. To better reflect the "IND" name, the Company intends to change its name to IND DairyTech Limited as soon as the requisite authorizations under corporate law are obtained as expected at the next shareholder's meeting of the Company.

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

IND is building a herd of Canadian Holstein cattle on farms located in China. Canadian Holsteins are among the world's most productive cows in terms of both quantity and quality of milk, and are approximately twice as productive as the average cow in China. To date, IND has established a herd of approximately 7,000 female Canadian Holstein cows in China.

IND plans to develop its herd in China through the use of advanced breeding techniques and has established a significant inventory of approximately 200,000 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, combined with four pregnancy periods per cow, is expected to result in the exponential growth of IND's herd and is a practical solution to China's ban on the import of live Canadian cattle.

Pursuant to the Qualifying Transaction, the Company acquired all of the issued and outstanding shares and convertible securities of IND Lifetech in exchange for shares and equivalent convertible securities of the Company. As a result, the Company currently owns all of the issued and outstanding shares and convertible securities of IND Lifetech, and the business of IND Lifetech has become the business of the Company. The Filing Statement describing the Company, the Financing, the terms of the Qualifying Transaction, and the business of the Company, prepared in accordance with the policies of the TSX Venture Exchange, is available on the SEDAR website at www.sedar.com.

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

FORWARD LOOKING INFORMATION

Certain information about the growth of the Company's herd of Canadian Holstein dairy cows in China in this news release is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. The forward-looking information in this news release describes the Company's expectations as of the date of this news release. The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors or risks which could cause actual results or events to differ materially from a conclusion in such forward-looking information include certain risks such as dependence on biotechnology, loss of embryo inventory, disruptions due to bovine diseases, ownership and access to intellectual property, and the ability to retain and obtain adequate permits and business licenses, as well as other more general risks set out in the Company's Filing Statement dated November 29, 2008 referred to below. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company cautions that the material factors referred to above is not exhaustive and is subject to change. For additional information with respect to certain of these and other factors, refer to the risk factors section of the Company's Filing Statement dated November 29, 2008 filed with Canadian securities regulators, which is available on SEDAR at www.sedar.com.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts: China One Corporation Jay Hussey (416) 482-1411 Email: jhussey@inddairytech.com IND DairyTech Ltd. (604) 522-1619 Website: www.inddairytech.com