RW Packaging Ltd.

RW Packaging Ltd.

December 12, 2007 17:25 ET

RW Packaging Arranges New Financing Agreement

WINNIPEG, MANITOBA--(Marketwire - Dec. 12, 2007) - RW Packaging Ltd. ("RWP") (TSX VENTURE:RWP) announced today it has negotiated a new financing agreement (the "Agreement") with the Royal Bank of Canada ("RBC") for up to $1.75 million consisting of an operating facility and term loan. The Agreement replaces an existing financing agreement for up to $1.5 million arranged with RBC in October, 2006. The financing agreement contains customary covenants.

The new financing will be used for general working capital needs, and provide the Company the expected necessary financial resources to complete its proposed substantial issuer bid and going private transaction. Both credit facilities presently remain undrawn.

RW is GMP licensed and ISO 9001 registered. The Company blends and packages liquid and powder private brand consumer products for major retailers and national brand marketers across North America.

Additional information relating to the Company is available online at or the Company's website at

Shares Issued 6,587,680

2007-12-11 Close $0.61

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

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