Urbana Corporation Purchases Two Additional CBOE Memberships

Toronto, Ontario –October 24, 2007 – Urbana Corporation (“Urbana”) (TSX: URB.A) is pleased to announce that it has entered into agreements to purchase another two memberships on the Chicago Board Options Exchange (“CBOE”), a private entity.

 

The total cost of these purchases is approximately US$5,450,000.

 

Urbana now owns a total of 14 CBOE memberships in its portfolio worth approximately CDN$37.4 million.
Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana’s current focus is buying memberships 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.