Urbana Corporation Increases Stakes in the Toronto Stock Exchange and the Montreal Exchange

Market Wire, September, 2007

Urbana Corporation ("Urbana") (TSX: URB.A) is pleased to announce that it has increased it position in the TSX Group Inc. ("TSX") to approximately CDN$6 million. TSX is the holding company for the Toronto Stock Exchange and the TSX Venture Exchange.

Urbana also increased its position in the Montreal Exchange Inc. ("MXX") to approximately CDN$6 million. MXX is the leading derivatives market in Canada.

Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana's current focus is buying memberships and shares of 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 stock purchase announced will be completed, or that if completed, such stock 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.

Contacts: Urbana Corporation Elizabeth Naumovski Investor Relations (416) 595-9106 Website: www.urbanacorp.com