URB Urbana Corporation

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

Urbana Corporation ("Urbana") (TSX:URB)(TSX:URB.A) buys seats and shares in
private and public securities exchanges in North America and around the world.
Urbana's largest private exchange investment is the 22 seats it owns on the
Chicago Board Options Exchange ("CBOE"). As of last night's close, Urbana's CBOE
investment was worth $44.85 million.


On Wednesday June 3rd, Judge John Noble of the Delaware Chancery Court upheld
the settlement reached between the CBOE and the former members of the Chicago
Board of Trade. Receipt of the Court's affirmative decision was a significant
hurdle in the CBOE's endeavour to demutualize and transform itself into a
for-profit, shareholder owned company. The details of the decision and the 30
day appeal period are available on the CBOE's website.
https://www.cboe.org/Legal/Default.aspx.


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. Unless required by applicable
securities law, Urbana does not assume any obligation to update these
forward-looking statements.

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