Urbana Corporation Purchases Additional CBOE Membership

Toronto, Ontario – May 9, 2008 – Urbana Corporation (“Urbana”) (TSX: URB.A) is pleased to announce that it has entered into an agreement to purchase an additional membership in the Chicago Board Options Exchange (“CBOE”), a private entity.

 

The total cost of this purchase is approximately US$2,725,000.

 

Urbana’s exchange portfolio now holds a total of 20 CBOE memberships worth approximately CDN$54.9 million.

 

Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana’s current focus is buying memberships 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.