Urbana Corporation Completes Block Purchase of Non-Voting Class a Shares Under Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwired - July 18, 2017) -

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

Urbana Corporation ("Urbana") (URB.TO)(URB.TO)(URB.CN)(URB.TO)(CSE:URB.A), announces that it made a block purchase yesterday of 91,900 non-voting Class A shares ("Class A shares") at $3.29 per Class A share under a normal course issuer bid (the "NCIB"). The Class A shares purchased will be cancelled upon settlement.

Since the NCIB commenced on August 31, 2016, Urbana has purchased 2,967,600 Class A shares for cancellation. The NCIB expires on August 30, 2017. It is management's intention to renew the NCIB on or before its expiry.

Since May 2010, Urbana has repurchased 37,526,320 of its Class A shares, representing 48.4% of the Class A shares outstanding at that time. The NCIB has reduced Urbana's current shares outstanding to a total of 40,000,000 Class A shares and 10,000,000 common shares.

On behalf of Urbana's Board of Directors,

Thomas S. Caldwell, C.M.

Forward-Looking Statements

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