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Toronto, Ontario – August 23, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT/URB.WT.A) is pleased to announce that it has entered into an agreement to purchase a membership on the American Stock Exchange (“AMEX”), a private entity, for approximately US$360,000. The AMEX has been in existence for more than a century and has been a pioneer in market innovation. This purchase increases Urbana’s stake in the AMEX to 5 memberships with an approximate value of CDN$2 million.

 

As it seeks North American and International opportunities in the exchange sector, Urbana also holds a cash position in excess of CDN$55 million. All of these funds are held directly in government guaranteed Treasury bills. Urbana owns no commercial paper or money market funds.

 

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

 

Please contact:
Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

Toronto, Ontario – August 1, 2007 – Urbana Corporation (“Urbana”) (TSX: URB., URB. A, URB. WT, URB. WT. A) today announced the closing of the over-allotment option whereby Blackmont Capital Inc., on behalf of the syndicate of agents including CIBC World Markets Inc., National Bank Financial Inc., Raymond James Ltd., TD Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Wellington West Capital Inc. and GMP Securities L.P., exercised the over-allotment option granted to them in connection with Urbana’s previously announced offering of units (the “Units”), which closed on July 12, 2007. Each Unit consisted of one non-voting Class A share (“Non-Voting Class A Share”) in the capital of Urbana and one-half of one Series A Non-Voting Class A Share purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant entitles the holder to purchase one Non-Voting Class A Share at an exercise price of $3.75 until July 12, 2009. The Units separated into Non-Voting Class A Shares and Warrants immediately upon closing of the offering.

 

The over-allotment option was exercised and resulted in the sale of an additional 1,192,395 Non-Voting Class A Shares and an additional 596,197 Warrants, at a price of $3.05 per Non-Voting Class A Share and $0.05 per one-half Warrant, for gross proceeds of $3,696,424.

 

Caldwell Investment Management Ltd., which acts as investment manager for Urbana, is wholly owned by Caldwell Financial Ltd. (“Caldwell Financial”).Caldwell Financial owns 40% of Urbana’s common shares, 300,000 Non-Voting Class A shares and 150,000 warrants and is controlled by Thomas S. Caldwell, the President of Urbana. Thomas S. Caldwell beneficially owns directly or indirectly 965,927 common shares of Urbana representing 9.7% of Urbana’s outstanding common shares and exercises control or direction over the 4,000,000 common shares of Urbana owned by Caldwell Financial through his interest in Caldwell Financial. In total, Thomas S. Caldwell owns and exercises control or direction over approximately 49.7% of Urbana’s common shares.

 

Please contact Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

 

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 Urbana will find suitable investments for the proceeds or that any investments will be profitable. Unless required by applicable securities law, Urbana does not assume any obligation to update these forward-looking statements.

Toronto, Ontario – July 30, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT/URB.WT.A) is pleased to announce that it has acquired another 2 memberships on the Minneapolis Grain Exchange (“MGEX”), a private entity, for approximately US$400,000. This purchase increases Urbana’s stake in the MGEX to approximately CDN$1.7 million.

 

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.

 

Please contact:
Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

 

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 seat purchase announced will be completed, or that if completed, such seat 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.

Toronto, Ontario – July 26, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT/URB.WT.A) is pleased to announce that it has acquired another 450 shares on the Philadelphia Stock Exchange (“PHLX”), a private corporation, for approximately US$558,000. This purchase increases Urbana’s stake in the PHLX to approximately CDN$1 million. 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.

 

Please contact:
Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

 

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 share purchase announced will be completed, or that if completed, such share 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.

Toronto, Ontario – July 12, 2007 – Urbana Corporation (“Urbana”) (TSX: URB, URB.A, URB.WT, URB.WT.A) is pleased to announce that it completed a closing relating to its previously announced short form prospectus offering (the “Offering”) of units (“Units”) through Blackmont Capital Inc., as lead agent for a syndicate including CIBC World Markets Inc., National Bank Financial Inc., Raymond James Ltd., TD Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Wellington West Capital Inc. and GMP Securities L.P. (the “Agents”). 24,193,600 Units have been sold for gross proceeds of approximately $75 million.

 

Each Unit sold pursuant to the Offering for $3.10 consists of one non-voting Class A share (“Non-Voting Class A Share”) in the capital of Urbana and one-half of one Series A Non-Voting Class A Share purchase warrant (“Warrant”). Each whole Warrant entitles the holder to purchase one Non-Voting Class A Share at an exercise price of $3.75 until July 12, 2009. The Units separated into Non-Voting Class A Shares and Warrants immediately upon the closing today.

 

The net proceeds of the Offering will be used to purchase additional participations in various stock exchanges as the opportunity arises and for general corporate purposes.

 

Urbana has granted the agents an over-allotment option which entitles the agents to purchase additional Non-Voting Class A Shares and Warrants to a maximum of 15% of the Non-Voting Class A Shares and Warrants issued pursuant to the Offering for a period of 30 days following today’s closing.

 

A copy of the prospectus may be obtained on SEDAR at www.sedar.com. Caldwell Investment Management Ltd., which acts as investment manager for Urbana, is wholly owned by Caldwell Financial Ltd. (“Caldwell Financial”). Caldwell Financial owns 40.0% of Urbana’s common shares, 300,000 Non-Voting Class A Shares and 150,000 Warrants and is controlled by Thomas S. Caldwell, the President of Urbana. Thomas S. Caldwell beneficially owns directly or indirectly 965,927 common shares of Urbana representing 9.7% of Urbana’s outstanding common shares and exercises control or direction over the 4,000,000 common shares of Urbana owned by Caldwell Financial through his interest in Caldwell Financial. In total, Thomas S. Caldwell owns and exercises control or direction over approximately 49.7% of Urbana’s common shares.

 

Please contact Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

Toronto, Ontario – July 10, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT) is pleased to announce that it has entered into an agreement to purchase another seat on the Chicago Board Options Exchange (“CBOE”), a private entity.

 

The total cost of this purchase is approximately US $2,525,000.

 

Urbana now owns a total of 9 CBOE seats in its portfolio.

 

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.

 

Please contact: Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

Toronto, Ontario – July 3, 2007 – Urbana Corporation (“Urbana”) (TSX URB, URB.A, URB.WT) is pleased to announce that it has priced its previously announced best efforts short form prospectus offering (the “Offering”) of Units. Each Unit is comprised of one non-voting Class A share (“Non-Voting Class A Share”) in the capital of Urbana and one-half of one Non-Voting Class A Share purchase warrant (“Warrant”). The number of Units offered is up to 32,260,000 at a price of $3.10 per Unit for gross proceeds of up to $100,006,000. Each whole Warrant will entitle the holder to purchase one Non-Voting Class A Share at an exercise price of $3.75 for a period of two years from the closing date of the offering (the “Closing”), which is expected to take place on July 12, 2007 or on such other date as Urbana and the Agents (as defined below) may agree. The Units will separate into Non-Voting Class A Shares and Warrants immediately upon Closing. Urbana has filed a final prospectus in connection with the Offering. A copy of the prospectus may be obtained by contacting Blackmont Capital at 181 Bay Street, BCE Place, Suite 900, P.O. Box 779, Toronto, Ontario, M5J 2T3 or on SEDAR at www.sedar.com.

 

The net proceeds of the Offering will be used to purchase additional participation in various stock, options and commodities exchanges as opportunities arise and for general corporate purposes.

 

Blackmont Capital Inc. is lead agent for a syndicate that includes CIBC World Markets Inc., National Bank Financial Inc., Raymond James Ltd., TD Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., HSBC Securities, (Canada) Inc., Wellington West Capital Markets Inc. and GMP Securities L.P. (the “Agents”). The Agents have been offered an over-allotment option of up to 15% of the securities offered exercisable in whole or in part within 30 days after Closing. This will enable the Agents to purchase additional Non-Voting Class A Shares and Warrants at specified prices to cover over-allotments, if any, for market stabilization purposes.

 

Caldwell Investment Management Ltd., which acts as investment manager for Urbana, is wholly owned by Caldwell Financial Ltd. (“Caldwell Financial”). Caldwell Financial owns 40.0% of Urbana’s common shares, 300,000 Non-Voting Class A Shares and 150,000 Warrants and is controlled by Thomas S. Caldwell, the President of Urbana. Thomas S. Caldwell beneficially owns directly or indirectly 965,927 common shares of Urbana representing 9.7% of Urbana’s outstanding common shares and exercises control or direction over the 4,000,000 common shares of Urbana owned by Caldwell Financial through his interest in Caldwell Financial. In total, Thomas S. Caldwell owns and exercises control or direction over approximately 49.7% of Urbana’s common shares.

 

Please contact Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

Toronto, Ontario – June 18, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT) is pleased to announce that it has initiated a position in the Bermuda Stock Exchange (“BSX”). Established in 1971, the Bermuda Stock Exchange is the world’s leading fully electronic offshore securities market.

 

The total cost of this purchase is approximately US $200,000 or 1% of the BSX.

 

The BSX is a member of the World Federation of Exchanges. The World Federation of Exchanges, is the trade organization for regulated securities and derivative markets, settlement institutions and related clearing houses, and their diverse services to capital markets.

 

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.

 

Please contact: Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

Toronto, Ontario – June 11, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT) is pleased to announce that it has entered into an agreement to purchase four more seats on the Minneapolis Grain Exchange (“MGEX”), a private entity. Urbana now has 6 seats on the MGEX. Founded in 1881, MGEX is the principal market for trading futures of hard red spring (HRS) wheat.

 

The total cost of this purchase is approximately US $540,000.

 

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.

 

Please contact: Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

Toronto, Ontario – June 6, 2007 – Urbana Corporation (“Urbana”)(TSX URB, URB.A, URB.WT) is pleased to announce that it has filed a preliminary short form prospectus providing for the offering of units (“Units”), subject to regulatory approval. Each Unit is comprised of one non-voting Class A share (“Non-Voting Class A Share”) in the capital of Urbana and one-half of one Non-Voting Class A Share purchase warrant (“Warrant”) at a price to be determined in the context of the market. Each whole Warrant will entitle the holder to purchase one Non-Voting Class A Share at a price to be specified for a period to be determined from the closing date of the offering. The Units will separate into Non-Voting Class A Shares and Warrants immediately upon closing.

 

The net proceeds of the Offering will be used to purchase additional participation in various stock, options and commodities exchanges as opportunities arise and for general corporate purposes.

 

Blackmont Capital Inc., as lead agent for a syndicate including CIBC World Markets Inc., National Bank Financial Inc., Raymond James Ltd., TD Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Wellington West Capital Markets Inc. and GMP Securities L.P., has entered into an engagement letter with Urbana in connection with the offering.

 

Caldwell Investment Management Ltd., which acts as investment manager for Urbana, is wholly owned by Caldwell Financial Ltd. (“Caldwell Financial”). Caldwell Financial owns 40.0% of Urbana’s common shares, 300,000 Non-Voting Class A Shares and 150,000 Warrants and is controlled by Thomas S. Caldwell, the President of Urbana. Thomas S. Caldwell beneficially owns directly or indirectly 965,927 common shares of Urbana representing 9.7% of Urbana’s outstanding common shares and exercises control or direction over the 4,000,000 common shares of Urbana owned by Caldwell Financial through his interest in Caldwell Financial. In total, Thomas S. Caldwell owns and exercises control or direction over approximately 49.7% of Urbana’s common shares.