Norwood Resources Ltd. - Exercise of warrants



    Trading Symbol: NRS

    VANCOUVER, March 26 /CNW/ - Norwood Resources Ltd. (the "Company")
announces that 10,025,844 share purchase warrants were fully subscribed and
have been exercised at $2.00 per share for proceeds of $20,051,688. The
warrants were issued pursuant to a private placement in March 2005. The
proceeds from the exercise of warrants will be used to further the Company's
drilling program in Nicaragua.

    ON BEHALF OF THE BOARD OF DIRECTORS OF
    NORWOOD RE

SOURCES LTD. "Raymond Cahill" 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

For further information:

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

Organization Profile

NORWOOD RESOURCES LTD.

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