URB Urbana Corporation

Urbana Corporation ("Urbana") (TSX:URB)(TSX:URB.A)(TSX:URB.WT)(TSX:URB.WT.A) is
pleased to announce that it has acquired another 23 memberships on the
Minneapolis Grain Exchange ("MGEX"), a private entity, for approximately US$5.9
million. This purchase increases Urbana's stake in the MGEX to approximately
CDN$8.8 million or 31 memberships.


MGEX, established in 1881, is the only market for Hard Red Spring Wheat,
National Corn Index (NCI), National Soybean Index (NSI), Hard Red Winter Wheat
Index (HRWI), Hard Red Spring Wheat Index (HRSI) and Soft Red Winter Wheat Index
(SRWI) futures and options.


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
membership purchase announced will be completed, or that if completed, such
membership 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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