URO Urodynamix Technologies Ltd.

Urodynamix Technologies Ltd. (TSX VENTURE: URO) ("Urodynamix" or the "Company") announces that at the annual general and special meeting of shareholders of the Company held on July 19, 2011 (the "Meeting") shareholders approved the 10% rolling stock option plan, the adoption of new Articles and the amendment of the Company's authorized share structure to create five classes of preferred shares.

The Company also received shareholder approval to effect a consolidation of its common shares (the "Consolidation") as discussed in the Company's management information circular prepared in connection with the Meeting. In connection with the Consolidation, the Company intends to change its name to Venturi Ventures Inc. The Consolidation is subject to the prior approval of the TSX Venture Exchange.

At the Meeting, shareholders also elected a board of directors to serve for the following year. The board now comprises continuing directors Jim Heppell and David Raffa and new director Ron Palfery.

Ron Palfery is the Chairman and Chief Executive Officer of Compass Technologies Inc., a private Canadian hybrid drivetrain technology firm with offices in Vancouver, Toronto and San Jose, California, and is responsible for business development and operations excellence in Compass's joint development projects and partnerships in North America and Asia. He currently serves as a Director on several Boards of private companies. Mr. Palfery holds a Bachelors of Science Degree from the University of British Columbia.

Forward-looking Statements:

Certain information contained in this press release may be forward-looking and is subject to unknown risks, which could cause actual results to differ materially from those set forth or implied herein. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Jim Heppell Chief Executive Officer Jheppell@lionscapital.com