Urbana Corporation Purchases 4 Additional MGEX Memberships

Toronto, Ontario – June 11, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT) is pleased to announce that it has entered into an agreement to purchase four more seats on the Minneapolis Grain Exchange (“MGEX”), a private entity. Urbana now has 6 seats on the MGEX. Founded in 1881, MGEX is the principal market for trading futures of hard red spring (HRS) wheat.

 

The total cost of this purchase is approximately US $540,000.

 

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.