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 an additional membership in the Kansas City
Board of Trade ("KCBOT") for approximately US$310,000. This purchase increases
Urbana's KCBOT stake to 11 memberships worth approximately CDN$3.48 million,
representing a 5.73% ownership interest in the KCBOT. The purchase of the KCBOT
seat is subject to approval by the KCBOT's Board of Directors. 


Urbana has also acquired another membership on the Minneapolis Grain Exchange
("MGEX"), for US$90,000. This purchase increases Urbana's stake in the MGEX to
42 memberships worth approximately CDN$3.9 million, representing a 10.5%
ownership interest. 


These acquisitions are in keeping with Urbana's strategy of accumulating a
significant ownership stake in America's derivatives exchanges. 


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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