Urbana Corporation ("Urbana") (TSX:URB)(TSX:URB.A)(TSX:URB.WT) is pleased to
announce that it has entered into an agreement to buy another 5 memberships on
the Kansas City Board of Trade ("KCBOT") for approximately US$2.9 million. This
purchase increases Urbana's stake in the KCBOT to approximately CDN$4.4 million
or 7 memberships worth 3.6% of the exchange.


The purchase of the KCBOT seat is subject to approval by the KCBOT's Board of
Directors.


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 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.


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