RW Packaging Ltd.

RW Packaging Ltd.

October 27, 2006 12:12 ET

"TSX Venture Exchange Accepts RW Packaging's Notice of Intention to Make a Normal Course Issuer Bid"

WINNIPEG, MANITOBA--(CCNMatthews - Oct. 27, 2006) - Further to the Company's News Release issued October 13, 2006 regarding its intention to make a normal course issuer bid, RW Packaging Ltd. (TSX VENTURE:RWP) today announced pursuant to a bulletin received October 26, 2006 from the TSX Venture Exchange (the "Exchange") that the Exchange has accepted the Company's application to proceed with a normal course issuer bid.

Commencing November 1, 2006 and ending no later than October 31, 2007, the Company intends to repurchase up to 346,718 of its common shares for cancellation, being just less than 5% of the 6,934,398 common shares currently issued and outstanding. Purchases pursuant to the bid will be made by Canaccord Capital Corporation on behalf of the Company through the facilities of the TSX Venture Exchange. The purchase and payment for the securities will be made in accordance with Exchange requirements at the market price of the common shares at the time of the acquisition.

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



Mr. Henry A. De Ruiter, President & CEO

Shares Issued 6,934,398

2006-10-26 Close $0.325

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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