Norwood announces non-brokered financing for $10.6 million

Trading Symbol: NRS

VANCOUVER, Feb. 15 /PRNewswire-FirstCall/ - Norwood Resources Ltd. (the
"Company") has reached agreement with various subscribers for a non-brokered
private placement of 21,329,348 units at $0.50 per unit. Each unit consists of
a share of the Company and a warrant entitling the holder to acquire an
additional share at $0.60 for one year. The Company shall be entitled to
accelerate the expiry date of the warrants by providing 30 days written notice
to the holders of the warrants if the share price trades at $1.25 or more for
20 consecutive days after the expiry of the mandatory four (4) months hold
period.
A Finders fee may be paid in respect of certain of the subscriptions in
accordance with applicable stock exchange policies. Proceeds of the financing
will be used to fund ongoing exploration and development work and for working
capital. Closing is expected to occur within 3 business days and is subject to
regulatory approval.
ON BEHALF OF THE BOARD OF DIRECTORS OF
NORWOOD RESOURCES 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
CONTACT: Raymond Cahill, President & CEO, E-Mail:
info@norwoodresources.com, Telephone: (604) 642-6566
SOURCE Norwood Resources Ltd.

Raymond Cahill, President & CEO, E-Mail: info@norwoodresources.com, Telephone:
(604) 642-6566