FINANCIAL STATEMENTS FOR DECEMBER 31,1997, (unaudited) and March 31,1998 (unaudited)

Urbana Corporation (TSE: URB) would like to announce the following financial position for the year-end 1997 and first quarter ended March 31,1998:

 

	March 31,1998	December 31,1997
Total Revenues	$242,743	$362,393
Net Earnings	$215,762	$81,429
Earnings per Share	$ 0.10	$ 0.04
Balance Outstanding Common Shares	2,200,000	2,200,000

 

Urbana Corporation is a mineral exploration and investment holding company with Canadian exploration interests, as well as a portfolio of marketable securities.

 

Thomas S. Caldwell
President

 

 

Investor Relations: (416) 595-9106