IND DAIRYTECH LIMITED COMPLETES SHARE RESTRUCTURE AND CAPITAL INCREASE OF RMB
106 MILLION IN ITS CHINESE SUBSIDIARY

VANCOUVER, Oct. 22 /CNW/ - IND DairyTech Limited (("IND" or "the Company") (TSXV:IND) is pleased to announce the completion of capital increase of RMB 106 million (approximately $16 million) in its operating subsidiary IND China. Details of the capital increase were previously announced by the Company on August 16, 2010. After the capital increase, IND holds approximately 76.51% of IND China. The Company will use the proceeds to continue to build its herd size and increase its milk production. In the meantime, IND China has received approval from Chinese regulators to be restructured as a joint stock company, which is a condition for its listing plan in China.

The Company is pleased to announce the appointment of Mr. Paul Zhang and Mr. Dehong Yu as directors of the Company effective today. Mr. Zhang is currently the Chief Financial Officer and Vice President of Finance for Minco Gold Corporation (TSX: MMM; NYSE: MGH) and Minco Silver Corporation (TSX: MSV).  Mr. Zhang was the Chief Financial Officer of Migao Corporation (TSX:MGO) from 2005 to 2008. Originally from China, Mr. Zhang carries over 15 years of senior accounting and financial management experience in North America. Mr. Zhang is Charted Accountant of Ontario and CPA in Illinois. Mr. Yu is based in China and is currently chief editor of China Dairy Cattle, a magazine managed by Dairy Association of China. The Company also announces that Mr. Guocai Liu has resigned as a director of the Company effective today. The Company would like to thank him for his services and great contributions during his tenure.

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

FORWARD LOOKING INFORMATION

Certain information set out in this News Release constitutes forward-looking information, which may include information relating to estimates of sales and revenue of IND. Forward-looking statements (often, but not always, identified by the use of words such as "expect", "may", "could", "anticipate" or "will" and similar expressions) may describe expectations, opinions or guidance that are not statements of fact and which may be based upon information provided by third parties. Forward-looking statements are based upon the opinions, expectations and estimates of management of the Company as at the date the statements are made and are subject to a variety of known and unknown risks and uncertainties and other factors that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. In light of the risks and uncertainties associated with forward-looking statements, readers are cautioned not to place undue reliance upon forward-looking information. Although the Company believes that the expectations reflected in the forward-looking statements set out in this press release or incorporated herein by reference are reasonable, it can give no assurance that such expectations will prove to have been correct. The forward-looking statements of the Company contained in this press release, or incorporated herein by reference, are expressly qualified, in their entirety, by this cautionary statement.

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