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Toronto, Ontario – January 16, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT) is pleased to announce that it has purchased shares of Hong Kong Exchanges & Clearing Ltd. (“HKEx”), Singapore Exchange Ltd. (“SGX”), and JSE Ltd. (“JSE”), the stock exchange of South Africa. The shares of HKEx, SGX, and JSE are publicly traded.

 

The total cost of these purchases is approximately CDN$3.0 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.

 

On behalf of the Board of Directors,
Thomas S. Caldwell, C.M.
President

 

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

Toronto, Ontario – January 15, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT) is pleased to announce that it has entered into an agreement to buy a seat on the American Stock Exchange (“AMEX”). Urbana has also purchased shares of the London Stock Exchange (“LSE”) and Deutsche Bourse AG, the stock exchange of Germany. The AMEX is a private entity. The shares of the LSE and Deutsche Bourse AG are publicly traded.

 

The total cost of these purchases is approximately CDN$2.8 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.

 

On behalf of the Board of Directors,
Thomas S. Caldwell,
C.M.
President

 

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

Toronto, Ontario – January 11, 2007 – Urbana Corporation (“Urbana”) (TSX: URB) is pleased to announce that it has completed its previously announced short form prospectus offering (the “Offering”) of $50,000,210.00 of units (“Units”) through Blackmont Capital Inc., as lead agent for a syndicate which included Canaccord Capital Corporation, Raymond James Ltd. and Wellington West Capital Markets Inc. (the “Agents”) and its graduation from listing its securities on the Toronto Stock Exchange from the TSX Venture Exchange.

 

Each Unit sold pursuant to the Offering consists 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”). Each whole Warrant entitles the holder to purchase one Non-Voting Class A Share at an exercise price of $3.75 until January 11, 2009. The Units separated into Non-Voting Class A Shares and Warrants immediately upon the closing of the Offering today (the “Closing”).

 

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. 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% of Urbana’s common shares 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 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 49.66% of Urbana’s common shares.

 

Please contact Thomas S. Caldwell at 416-595-9106 for further information.

Toronto, Ontario – December 18, 2006 – Urbana Corporation (“Urbana”) (TSX Venture: URB) is pleased to announce the pricing for the offering of units (“Units”), which Urbana announced on November 30, 2006. Each Unit, comprised of one non-voting Class A share (“Class A Share”) and one-half of one Class A Share purchase warrant (“Warrant”) will be priced at $3.10 per Unit. Each whole Warrant will entitle the holder to purchase one Class A Share at $3.75 for a period of two years from the Closing. The Units will separate into Class A Shares and Warrants immediately upon Closing. The Class A Shares and Warrants have been conditionally listed on the Toronto Stock Exchange. A copy of the preliminary prospectus and the final prospectus in respect of the Offering are available by contacting Susan Bartholomew at 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 Offering will be for a minimum of 6,451,700 Units and a maximum of 16,129,100 Units for a minimum of $20 million and a maximum of $50 million. The Agents have been granted an over-allotment option of up to 15% of the maximum offering.

 

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.

 

A syndicate led by Blackmont Capital Inc. (“Blackmont”), and including Canaccord Capital Corporation, Raymond James Limited and Wellington West Capital Markets Inc., has entered into an agency agreement with Urbana in connection with the offering. Urbana has filed a final prospectus in connection with the offering.

 

Caldwell Financial Ltd. (“Caldwell Financial”) owns 40% of Urbana’s common shares and is controlled by Thomas S. Caldwell, the President of Urbana. Thomas S. Caldwell beneficially owns directly or indirectly 950,927 common shares of Urbana 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 49.5% of Urbana’s common shares. Caldwell Investment Management Ltd., which acts as investment manager for Urbana, is wholly owned by Caldwell Financial.

 

This press release has not been reviewed by the TSX Venture Exchange and the TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

 

Please contact Thomas S. Caldwell at 416-595-9106 for further information.

Toronto, Ontario – December 1, 2006 – Urbana Corporation (“Urbana”) (TSX Venture: URB) 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”). Each whole Warrant will entitle the holder to purchase one Non-Voting Class A Share at a price to be specified for a period of two years 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 participations in various stock exchanges as the opportunity arises and for general corporate purposes.

 

Blackmont Capital Inc. (“Blackmont”), as lead agent for a syndicate including Canaccord Capital Corporation, Raymond James Ltd. and Wellington West Capital Markets Inc., 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% of Urbana’s common shares and is controlled by Thomas S. Caldwell, the President of Urbana. Thomas S. Caldwell beneficially owns directly or indirectly 950,927 common shares of Urbana 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 49.5% of Urbana’s common shares.

 

Please contact Thomas S. Caldwell at 416-595-9106 for further information.

Toronto, Ontario – November 24, 2006 – Urbana Corporation (“Urbana”) (TSX Venture: URB) is pleased to announce the election of Bethann Colle of Toronto as a director of Urbana. Ms. Colle brings long experience as a senior marketing and strategic planning corporate executive and also as an independent consultant in these fields.

 

Please contact Thomas S. Caldwell, President, at 416-595-9106 for further information.

 

This press release has not been reviewed by the TSX Venture Exchange and the TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Toronto, Ontario – August 16, 2006 – Urbana Corporation (“Urbana”) (TSX Venture: URB) is pleased to announce a proposed private placement of up to 1,000,000 common shares at a purchase price of $2.00 per common share. Urbana currently expects that the private placement will be completed on or about August 31, 2006. Commissions of 5% will be paid to agents, which will include Caldwell Securities Ltd., in connection with the private placement.

 

The Corporation currently has 9,000,000 common shares issued and outstanding. Following the completion of the proposed private placement, the Corporation will have up to 10,000,000 common shares issued and outstanding. The private placement is subject to the approval of the TSX Venture Exchange. Caldwell Financial Ltd. currently owns 3,800,000 common shares of Urbana, representing 42.2% of Urbana’s total outstanding common shares. Pursuant to the private placement, Caldwell Financial Ltd. intends to purchase up to 200,000 Urbana common shares, or 20% of the common shares being offered.

 

The proceeds of the offering, together with current assets of Urbana, are expected to be used to purchase one or more seats on the Chicago Board Options Exchange.

 

Each of Urbana, Caldwell Financial Ltd. and Caldwell Securities Ltd. are directly or indirectly controlled by Thomas S. Caldwell.

 

Please contact Thomas S. Caldwell at 416-595-9106 for further information.

 

This press release has not been reviewed by the TSX Venture Exchange and it does not accept responsibility for the adequacy or accuracy of this release.

 

Toronto, Ontario – July 12, 2005 – URBANA CORPORATION

 

As announced in 2004, Urbana Corporation has acquired for investment purposes the beneficial interest in three seats on the New York Stock Exchange. The investment in these seats results in substantially more than 50% of the company’s assets being employed in non-mining assets. Under the applicable rules, this constitutes a change of business so that the company is now to be classed as an investment issuer rather than as a mining issuer on the TSX Venture Exchange. At the recent annual meeting of shareholders the requisite change of business filings were authorized and have now been completed.

 

Urbana Corporation still maintains its 100% interest in its 72 mining claims in Urban Township, Quebec.

 

Please contact Thomas S. Caldwell at 416-595-9106 for further information.

 

This press release has not been reviewed by the TSX Venture Exchange.

Toronto, Ontario – April 21, 2005 – On April 20, 2005 the New York Stock Exchange, Inc. (“NYSE”) and Archipelago Holdings Inc. announced that they have agreed to merge, subject to NYSE member approval, Archipelago shareholder approval and U.S. regulators approvals.

 

If completed, this merger will result in transforming the NYSE into a for profit public company to be called the NYSE Group.

 

Urbana Corporation (“Urbana”) holds three seats on the NYSE, which it purchased for investment purposes. These seats were purchased between December, 2003 and August, 2004 for an average price of approximately $1.4 million U.S. per seat.

 

The management of Urbana believe that this merger, if completed, may enhance the value of Urbana’s investment in the NYSE.

 

Please contact Thomas S. Caldwell at 416-595-9106 for further information.

 

This press release has not been reviewed by the TSX Venture Exchange.

The Caldwell New York Limited Partnership (“NYLP”) raised $17,492,000 (Cdn.) and would have reached our maximum had we been able to delay the last closing. As it was, this amount appears to be near ideal, particularly if we can finish our purchase program relatively soon. This will take some work.

 

Both the NYSE Annual Meeting last Thursday and “town-hall” meeting afterwards were encouraging. Our primary “for profit” objective was referred to in very positive terms by John Thain. He is clearly not able to confirm this goal at the present time since the “for profit” committee has yet to draft its report and lobbying has not yet commenced with regulators (SEC) and legislators (Congress). Both groups would react negatively if surprised by this strategy, particularly since the National Market System proposals announced last Wednesday by the SEC were so helpful to the NYSE. The direction appears set, however, our key challenge remains that of buying our last three seats. We have recently purchased an additional three seats bringing the NYLP’s total to five ($1,475,000 • $1,500,000 • $1,550,000 • $1,600,000 • $1,625,000).

 

The best offering at the present time is $1,800,000 with nothing showing behind that price. We will wait to let the offerings fill in. We have typically followed those buyers who were prepared to set higher price levels, in order to participate without moving prices unnecessarily. We anticipate being somewhat more aggressive for the remaining three, as we feel events are accelerating. I spent some time talking with Marshall Carter, our new Non-Executive Chairman. He is a positive, upbeat individual who, I believe, will be a great support to John Thain in building the NYSE. His profile is attached.

 

If we are able to buy the final three seats on a timely basis, and we believe that more can be acquired reasonably, we may create a second Caldwell NYLP. We will keep you informed. Thank you for your participation in this exciting venture. Please feel free to contact me directly should you have any questions.

 

Best wishes,

 

Thomas S. Caldwell, C.M.

 

Chairman * U.S. dollars unless otherwise noted