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 buy another membership on the Kansas City Board of
Trade ("KCBOT") for approximately US$330,000. This purchase increases Urbana's
KCBOT stake to 10 memberships worth approximately CDN$3.4 million, representing
a 5.2% ownership interest in the KCBOT. 


The purchase of the KCBOT seat is subject to approval by the KCBOT's Board of
Directors. 


Urbana is an investment corporation that is listed on the Toronto Stock
Exchange. Urbana's current focus is buying seats and shares 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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