Norwood Resources Ltd.
TSX VENTURE : NRS

Norwood Resources Ltd.

February 27, 2007 10:08 ET

Norwood Spuds Las Mesas

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 27, 2007) - Norwood Resources Ltd. (the Company") (TSX VENTURE:NRS) is pleased to announce that it has spudded a second well on its on-shore concession in Nicaragua.

The Las Mesas Gutierrez No. 1 is located 11 kilometers from the San Bartolo Cano No. 1. The same sand packages identified at San Bartolo are indicated on seismic at Las Mesas and should be encountered at shallower depths because the location is structurally higher. The company has also decided to deepen the Las Mesas well to 8800' from the original TD of 7300' to test the lower sands of the Tertiary Brito Formation. A new custom bit package has been designed by Smith Tools based upon the logs from San Bartolo and drilling rates at Las Mesas are expected to improve as a result.

Upon reaching total depth at Las Mesas and based on positive logging results, the company will immediately move to complete and test both wells for commerciality.

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.

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