VANCOUVER, BC–(Marketwired – November 04, 2016) – Urban Communications Inc. (TSX VENTURE: UBN) announces that its appeal to the Supreme Court of Canada of a decision of the B.C. Court of Appeal in relation to the renewal of a lease of fibre optic strands has been dismissed. The result is that it has been ruled that the customer has effectively exercised its option to renew the lease, and the Company will receive no further compensation in respect of that renewal.

ABOUT URBAN COMMUNICATIONS INC.

Urban Communications Inc. (TSX VENTURE: UBN) is a telecommunications company providing a full suite of Internet, voice, video and broadband application products over its 300 km. state-of-the-art carrier grade fibre optic network in Metro Vancouver and Victoria to commercial, residential and public sector customers. Urban has recently launched high-speed Internet service to residential and commercial subscribers on its network at 1,000 Mbps (1 Gbps).

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.

CONTACT INFO:

John Farlinger
Chief Executive Officer
Phone: (604) ) 763-7565
[email protected]