NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Urbana Corporation ("Urbana") (TSX:URB.A) is pleased to announce that it has
entered into an agreement to purchase an additional membership in the Chicago
Board Options Exchange ("CBOE"), a private entity.


The total cost of this purchase is approximately US$2.1 million.

Urbana's exchange portfolio now holds a total of 23 CBOE memberships worth
approximately CDN$53.68 million.


Urbana is an investment corporation that is listed on the Toronto Stock
Exchange. Urbana's current focus is buying memberships in private and public
securities exchanges in North America and around the world.


Forward Looking Statements

Certain statements in this press release constitute "forward-looking" statements
that involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of Urbana to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. There is no assurance that the
membership purchase announced will be completed, or that if completed, such
membership purchase will be a profitable investment for Urbana. Unless required
by applicable securities law, Urbana does not assume any obligation to update
these forward-looking statements.
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