TORONTO, ONTARIO--(Marketwire - July 6, 2012) -

NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Urbana Corporation has now completed the purchases allowed under a Normal Course Issuer Bid ("NCIB") for 6,636,033 of the company's Class "A" shares (TSX:URB.A).

The buyback and cancellation of these shares, combined with the previous amount authorized and purchased now totals 17,150,953 "A" shares, leaving 60,375,067 "A" shares outstanding.

Urbana Corporation will be able to re-apply for further NCIB purchases in late August 2012.

Urbana's investment portfolio now combines publicly traded and private holdings, with a current focus on financial services.

On behalf of the Board of Directors.