Urbana Corporation - (TSX:URB)(TSX:URB.A)

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

On March 10, 2009 certain Caldwell Financial Ltd. ("CFL") shareholders (the
"Joint Actors") each entered into a voting trust agreement with Thomas S.
Caldwell ("TSC") which grants TSC a power of attorney to vote the Urbana
Corporation ("Urbana") common shares beneficially owned by the Joint Actors
which are subject to the voting trust agreement.  As the result of a change to
the number of Joint Actors who are parties to a voting trust agreement, the
number of common shares controlled by TSC, together with the remaining Joint
Actors, has decreased from 5,501,555 common shares or 55.02% to 4,508,322 common
shares or 45.08% of Urbana's total outstanding common shares.


Forward Looking Statements 

Certain statements in this press release constitute "forward-looking" statements
that involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of Urbana to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements.  Unless required by applicable
securities law, Urbana does not assume any obligation to update these
forward-looking statements.
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