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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.

Toronto, Ontario – May 16th, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT) is pleased to announce that it has taken a CDN$26.5 million interest in the Bombay Stock Exchange (“BSE”).

 

This purchase is being made indirectly by way of an investment in shares of Caldwell India Holdings Inc. (“CIH”) and was facilitated by Caldwell Asset Management Inc. (“CAM”). CIH is a corporation established under the laws of Mauritius for the sole purpose of investing in exchange properties and other holdings in India for clients of CAM and Caldwell Investment Management Ltd., Urbana’s investment manager.

 

CIH’s inaugural investment is the acquisition of 308,888 shares of the Bombay Stock Exchange (“BSE”) at a cost of Rs1.624 billion (CDN$43.5 million). This purchase represents 4% of the outstanding shares of the BSE. Urbana currently owns 60.9% of CIH’s equity shares.

 

A privately owned corporation based in India’s financial capital, Mumbai, the BSE is the oldest stock exchange in India and is one of the country’s two major equity bourses.

 

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 – April 26, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT) is pleased to announce that it has initiated a position in the Winnipeg Commodity Exchange Inc. (“WCE”). At the April 25th, 2007 meeting, the Directors of the WCE approved Urbana’s purchase of 23,500 shares. The WCE is a private corporation.

 

Also, Urbana has entered into an agreement to purchase a second seat on the Minneapolis Grain Exchange (“MGE”), a private corporation. This purchase is subject to MGE Board approval.

 

Urbana purchased an additional 100 shares on the Philadelphia Stock Exchange (“PHLX”), also a private corporation. This brings Urbana’s total PHLX holdings to 300 shares. Each 100 share lot of PHLX represents one seat prior to that exchange’s demutualization.

 

The total cost of these purchases is approximately US $1.2 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.

Toronto, Ontario – April 23, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT) is pleased to announce that it has entered into an agreement to purchase 2 additional seats on the Chicago Board Options Exchange (“CBOE”), a private entity.

 

The total cost of this purchase is approximately US $4,599,000.

 

Urbana now owns a total of 8 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.