Ms. Elizabeth Naumovski reports

URBANA CORPORATION ANNOUNCES THE REVALUATION OF ONE OF ITS INVESTMENTS

Urbana Corp. has revalued its investment in Blue Ocean Technologies LLC based on a recent equity raise transaction. This revaluation has the impact of increasing Urbana's net assets per share (NAPS) by approximately 93 cents (or approximately 11.9 per cent) from its last published NAPS as at Sept. 1, 2023.

Urbana publishes every Tuesday its NAPS as at the closing on the previous Friday. This revaluation will be reflected in the company's next weekly NAPS calculation to be published on Sept. 12.

PDF versions of the documents are available at the company's website and at SEDAR.

We seek Safe Harbor.