Urbana Corporation
TSX VENTURE : URB

Urbana Corporation

July 12, 2005 16:45 ET

Urbana Corporation: Change of Business

TORONTO, ONTARIO--(CCNMatthews - July 12, 2005) - URBANA CORPORATION (TSX VENTURE:URB)

As announced in 2004, Urbana Corporation has acquired for investment purposes the beneficial interest in three seats on the New York Stock Exchange. The investment in these seats results in substantially more than 50% of the company's assets being employed in non-mining assets. Under the applicable rules, this constitutes a change of business so that the company is now to be classed as an investment issuer rather than as a mining issuer on the TSX Venture Exchange. At the recent annual meeting of shareholders the requisite change of business filings were authorized and have now been completed.

Urbana Corporation still maintains its 100% interest in its 72 mining claims in Urban Township, Quebec.

This press release has not been reviewed by the TSX Venture Exchange.

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