Urbanfund Corp. Announces Passing of N. Barry Lyon

TORONTO, ONTARIO--(Marketwired - March 3, 2015) - Mitchell Cohen, President and Chief Executive Officer of Urbanfund Corp. (TSX VENTURE:UFC) ("Urbanfund" or, the "Company"), is saddened to report that N. Barry Lyon, a director of the Company, has passed away. Mr. Lyon was a director of the Company since April 8, 1997. Mr. Lyon will be deeply missed by the Company, his colleagues and associates. Our hearts go out to his family, relative and friends.

The Company expects to have a replacement nominee to fill Mr. Lyon's position at the Company's next annual meeting of shareholders.

This press release contains certain forward-looking statements about the Corporation's future plans and intentions, including statements relating to the use of proceeds of the Private Placement. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict", "scheduled" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect Management's current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Forward-looking statement in this press release relate to the Company's plans with respect to the replacement nominee to fill Mr. Lyon's position. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Corporation cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Corporation assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release