Urbana Corporation Purchases Additional Shares In The Bermuda Stock Exchange

Hamilton, Bermuda: September 13, 2007 -- Urbana Corporation ("Urbana") (TSX: URB.A) is pleased to announce that it has increased its position in the Bermuda Stock Exchange ("BSX") to approximately US $500,000 or 2.5% of the BSX. The BSX is a private company.

Established in 1971, the BSX is the world's leading fully electronic offshore securities market. The BSX is a member of the World Federation of Exchanges. The World Federation of Exchanges is the trade organization for regulated securities and derivative markets, settlement institutions and related clearing houses, and their diverse services to capital markets.

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.

Please contact:

Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

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.

150 KING ST. W., SUITE 1702, P.O. BOX 47, TORONTO, ONTARIO M5H 1J9

TEL: (416) 595-9106

www.urbanacorp.com