RW Packaging Ltd.
TSX VENTURE : RWP

RW Packaging Ltd.

October 13, 2006 16:53 ET

RW Packaging Ltd. Arranges New Financing Agreement

WINNIPEG, MANITOBA--(CCNMatthews - Oct. 13, 2006) - RW Packaging Ltd. (the Corporation) (TSX VENTURE:RWP) today announced it has negotiated a new financing agreement (the "Agreement") with the Royal Bank of Canada for up to $1.5 million consisting of an operating facility and term loan. The Agreement which provides improved terms, conditions and pricing will replace an existing financing agreement for up to $1,423,000 arranged with another lender. The new financing will be used for general working capital needs and provide the Company with increased financial flexibility.

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 www.sedar.com or the Company's website at www.rwpackaging.com

Sincerely,

Signed

Mr. Henry A. De Ruiter

President & CEO

Shares Issued 6,934,398

2006-10-12 Close $0.25

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

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