Norwood Resources Ltd. - Appointment of Chief Operating Officer



    Trading Symbol: NRS

    VANCOUVER, Jan. 17 /CNW/ - Norwood Resources Ltd. (the "Company") is
pleased to announce the appointment of Mr. Lee DiStefano to the position of
Chief Operating Officer ("COO"). The Company welcomes him as a key member of
its management team.
    As COO, Mr. DiStefano shall report to and be directly responsible to the
President and Chief Executive Officer of the Company, with primary
responsibilities including the overall management of the Company's technical
and operations programs and associated budgets on a day-to-day basis. He will
also be responsible for the development and management of a competent E & P
organization, which will allow the Company to effectively implement and manage
all current and future projects and to diversify its interests.
    Mr. DiStefano has more than 27 years of international exploration,
production and project management experience in the oil and gas industry, much
of it focused in Central and South America. He began his career with Amoco
International as an explorationist where his efforts contributed to oil and
gas discoveries in Guatemala, Trinidad, Colombia and China. After achieving a
series of increasing levels of technical responsibility, Mr. DiStefano became
the Commercial Director and Resident Manager for Amoco Peru and finally
Resident Manager of Amoco Brazil. Subsequent to British Petroleum's merger
with Amoco, Mr. DiStefano joined Canadian Hunter Exploration as Resident
Manager in Buenos Aires, Argentina where he successfully led the negotiations
of the company's first two international asset and corporate acquisitions.
From there, he returned to Brazil with Schlumberger's Integrated Project
Management division as Business Development Manager for Latin America where he
was involved with the technical assessment, structuring and negotiations of
production and value sharing partnerships with Pemex (Mexico), Ecopetrol
(Colombia), Petrobras (Brazil) and private operators in Argentina, Bolivia and
Peru. In 2005, he formed Shockwave Energy LLC, a company focused on the GOM
area, which achieved commercial success with its first exploration well in
Louisiana.
    Mr. DiStefano joins Norwood after most recently working with Noble Energy
as Exploration Manager for Latin America and Far East and acting Resident
Manager for Noble Nicaragua where he was responsible for managing production
operations in Ecuador, Argentina and China and deepwater exploration
activities in Suriname and Nicaragua.
    Mr. DiStefano has an MS Geology from Rice University and holds an MBA
from the University of Houston.
    The Company has granted 400,000 incentive stock options to Mr. DiStefano
under the terms of the Company's stock option plan. The options will be
exercisable for a period of five years at a price of $0.72 per share and are
subject to the policies of the TSX Venture Exchange.

    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





For further information:

For further information: about Norwood Resources Ltd. (NRS) contact:
Raymond Cahill, President & CEO, E-Mail: info@norwoodresources.com, Telephone:
(604) 642-6566

Organization Profile

NORWOOD RESOURCES LTD.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890