Norwood Resources Ltd.
TSX VENTURE : NRS

Norwood Resources Ltd.

March 26, 2007 09:20 ET

Norwood Resources Ltd.: Exercise of Warrants

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 26, 2007) - Norwood Resources Ltd. (the "Company") (TSX VENTURE:NRS) announces that 10,025,844 share purchase warrants were fully subscribed and have been exercised at $2.00 per share for proceeds of $20,051,688. The warrants were issued pursuant to a private placement in March 2005. The proceeds from the exercise of warrants will be used to further the Company's drilling program in Nicaragua.

ON BEHALF OF THE BOARD OF DIRECTORS OF NORWOOD RESOURCES LTD.

Raymond Cahill, President & CEO

WE SEEK SAFE HARBOUR

This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgment, they are subject to a variety of risks and uncertainties that are beyond the company's ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of this release.

Contact Information