China One Corporation Signs Contracts to Expand Canadian Dairy Herd Population in China

VANCOUVER, BRITISH COLUMBIA, Mar 30 (MARKET WIRE) --
China One Corporation (TSX VENTURE: IND) is pleased to announce it has
signed a number of additional contracts in China to develop dairy farms
at various locations in China. The contracts are between China One,
operating as IND DairyTech Ltd., and a variety of strategic third
parties. A series of new cooperation agreements, entered into since the
last quarter of 2008, cover five farms. Total commitments for cows to be
delivered in 2009 under these new agreements are approximately 11,000
cows.

China One's contractual partners have also agreed to provide China One
with, or assist the Company in obtaining, term loans for working capital
as Canadian Holsteins are delivered to the farms. Under one of the
contracts with Meishan City, China One is to deliver 2,000 cows by the
end of 2009 and another 3,000 cows by the end of 2011. Under another
contract with Lingbao City, the Company is to deliver 3,500 cows by the
end of 2009 and another 2,500 cows by the end of 2011. Both contracts
include a loan of 10,000 RMB per cow delivered and the contract with
Meishan includes 3,400 RMB per cow subsidy from the local government. To
date, the Company has received a subsidy of 1,600,000 RMB and a loan for
6,000,000 RMB at an annual interest rate of 7.29% for three years. In
certain other agreements, China One may receive up to 13,000 RMB per cow
by way of loans and, if certain production standards are achieved,
subsidies.

"These agreements allow us to better capture incentives that have been
introduced by the Chinese government to stimulate and improve the Chinese
dairy industry following the scandal involving the contamination of milk
with melamine," said Mr. Jesse Zhu, CEO, China One Corporation/IND
DairyTech Ltd. "These contracts also represent a means to more rapidly
fulfill our goals and commitments to develop Canadian-style dairy farms
in China. Canadian Holsteins on a Canadian-style dairy farm typically
produce the highest levels of volume and quality in the world. We
currently have approximately 9,000 Canadian Holsteins in China at various
stages of maturity with approximately 2,200 of them having reached milk
production ages. With favourable financing facilities and terms provided
by local partners and subsidies from government agencies, and taking into
account certain planned purchases of Chinese Holstein cows, we expect to
see the total herd size increase to 30,000 by the end of 2009 and to
60,000 by 2010, making IND the largest Canadian Holstein dairy company in
China."

In order to accelerate herd development, the Company plans to buy Chinese
Holstein cows, which are now available at very favourable prices. The
Company has established a significant inventory of approximately 200,000
Canadian Holstein embryos that it intends to use to impregnate surrogate
cows, which will include the Chinese Holstein cows. This new program
enhances the Company's existing program of utilizing local Chinese yellow
cows as surrogates and purchasing the offspring from the owners of the
host Chinese cows.

In mid-November, 2008 the Chinese central government set goals for
reforming the dairy industry in China. These goals include an increase in
the number of large dairy farms in China from the current 20% to 30% of
the total, and having dairy processors obtain 70% of their raw milk from
managed sources, by October 2011. The Company will continue to
differentiate itself from typical Chinese dairy farms by establishing
large scale farming operations that follow North American farming
practices, consistent with the reforms prescribed by the Chinese
government.

China One, through its operating subsidiaries, 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, the Company is using Canadian
cattle genetics and North American farming practices to establish and
increase its dairy herd in China. At its 2009 shareholder meeting, China
One intends to seek shareholder approval to change its name to IND
DairyTech Ltd.

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.

Pursuant to the Qualifying Transaction, China

One acquired all of the issued shares and convertible securities of IND
Lifetech Group in exchange for shares and equivalent convertible
securities of China One. As a result, China One currently owns all of the
issued shares and convertible securities of IND Lifetech Group and its
Chinese subsidiaries, and the business of IND Lifetech Group has become
the business of China One. The Filing Statement describing China One, the
terms of the Qualifying Transaction and concurrent financing, and the
business of China One, is available on the SEDAR website at www.sedar.com.

FORWARD LOOKING INFORMATION

This news release contains forward-looking statements and information
that are based on the beliefs of management and reflect China One's
current expectations. Such statements and information reflect the current
view of China One with respect to risks and uncertainties that may cause
actual results to differ materially from those contemplated in those
forward-looking statements and information.

By their nature, forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause our actual
results, performance or achievements, or other future events, to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. The
forward-looking information in this news release includes the development
and increases in herd size in China, information relating to the loans to
be obtained as Canadian Holstein cows are delivered, the purchase of
Chinese Holstein cows, the use of Canadian Holstein embryos to impregnate
surrogate cows, the establishment of large scale North American-style
farming operations in China, the size of China One as a Canadian Holstein
dairy company in China, and the aim of becoming a leading provider of
high quality raw milk to the Chinese dairy industry.

There are a number of important factors that could cause China One's
actual results to differ materially from those indicated or implied by
forward-looking statements and information. Such factors include, among
others, risks related to China One's business such as failure of the
business strategy and limited operating history, reliance on farm
development partners, disruptions due to bovine diseases, dependence on
biotechnology, reduction in government support and access to raw
materials; risks related to China One's operations, such as additional
financing requirements and access to capital, the ability to repay debt,
reliance on key personnel, fluctuation in feedstock costs, fluctuations
in costs of production, product spoilage and liability, loss of embryo
inventory, factors related to milk production, fluctuations in milk
prices, fluctuations in milk demand, lack of specificity in certain
agreements, litigation, indemnities, insurance, competition, intellectual
property and variations in cow lactation periods; risks related to China
One and its business generally such as potential exposure to tax under
Canadian tax, regulations of the Peoples' Republic of China (the "PRC")
relating to offshore special purpose companies, recent PRC regulations
relating to cross-border mergers and acquisitions, environmental
protection, currency exchange rates and conflicts of interest; and risks
related to doing business in the PRC such as tax, repatriation of profit
and currency conversion, acquisition and appropriation of land use
rights, foreign investment, permits and business licences, employment
contracts, government intervention, shareholders' rights and enforcement
of judgments and a developing legal system.

China One cautions that the foregoing list of material factors is not
exhaustive. When relying on China One's forward-looking statements and
information to make decisions, investors and others should carefully
consider the foregoing factors and other uncertainties and potential
events. China One has assumed a certain progression of its business,
which may not be realized. It has also assumed that the material factors
referred to in the previous paragraph will not cause such forward-looking
statements and information to differ materially from actual results or
events. However, the list of these factors is not exhaustive and is
subject to change and there can be no assurance that such assumptions
will reflect the actual outcome of such items or factors. For additional
information with respect to certain of these and other factors, refer to
the risk factors section of China One's Filing Statement dated November
29, 2008 available on SEDAR at www.sedar.com.

The forward-looking information contained in this news release represents
the expectations of China One 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 China One 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
Investor Relations
416-482-1411
jhussey@inddairytech.com

China One Corporation
James Xiang
Chief Financial Officer
416-886-1261
james.xiang@ind.ca

Copyright 2009, Market Wire, All rights reserved.

-0-