Urbana Corporation Acquires Portion of CNSX Markets Inc.

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

Urbana Corporation ("Urbana") (TSX:URB)(TSX:URB.A) is very pleased that its
offer to acquire 4 million common shares of CNSX Markets Inc. ("CNSX"), the
operator of the Canadian National Stock Exchange, to be issued from CNSX's
treasury at $0.40 per share was approved today at CNSX's annual meeting of
shareholders.


CNSX's shareholders also approved the issuance of an additional 4 million common
shares from the treasury to be offered for sale to the current shareholders,
directors, officers and employees of CNSX ("Stakeholders") at $0.40 per share.
Urbana has agreed to acquire at the same price per share any of these additional
shares that are not purchased by Stakeholders. In addition, Urbana is offering
to acquire any CNSX common shares, subject to a maximum determined by Urbana,
from current shareholders at $0.30 per share until December 27, 2012. Upon the
completion of these transactions, it is anticipated that Urbana will own between
20% and 49% of CNSX.


Two of Urbana's directors, Thomas S. Caldwell and George D. Elliott were also
elected to CNSX's seven person board today along with Brendan T.N. Caldwell,
President & CEO of Caldwell Investment Management Ltd., Urbana's investment
manager.


Urbana's Chairman, Thomas S. Caldwell, states, "CNSX is a wonderful alternative
platform which can be immensely helpful to securities dealers seeking a
competitive venue on which to trade. For emerging companies looking for an
exchange on which to list efficiently, the CNSX is outstanding. Given the new
landscape in the Canadian exchange sector, CNSX's flexibility and advantages
make it a great addition to Urbana's portfolio, with significant upside
potential both as a business and an investment."


On behalf of the Board of Directors.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Urbana Corporation
Elizabeth Naumovski
Investor Relations
416-595-9106
416-862-2498 (FAX)
www.urbanacorp.com