Overlord Announces 2005 Year End Results

CALGARY, April 27, 2006 - Overlord Financial Inc. (the “Company”) announces its filing of the Annual Audited Consolidated Financial Statements for the year ended December 31, 2005 and related Management Discussion and Analysis with Canadian Securities Regulatory Authorities. The Company is listed on the TSX Venture Exchange under the ticker symbol OFI.

The Company experienced an active year with the closing of two financings for Sword Energy Limited, a private oil and gas company managed by Sword Management Inc., and the closing of its first oil and gas equity fund, Catapult Energy Limited Partnership I, a limited partnership managed by Catapult Energy 2004 Inc. Both Sword Management Inc. and Catapult Energy 2004 Inc. are wholly owned subsidiaries of Overlord Financial Inc.

The Company recorded a net loss for the year 2005 of $230,612 compared to a net loss of $1,520,236 for 2004. Revenues of $2.6 million included the gain on sale of marketable securities of $2,359,993 and management fees of $158,535. Expenses for the year totaled $2.8 million of which $462,190 was related to non-cash expense items.

Subsequent to year end, the Board of Directors unanimously approved the sale of all the issued and outstanding shares of Sword Management Inc. to Sword Energy Limited in exchange for the issuance of 1,150,000 common shares of Sword Energy Limited. Sword Management Inc. manages the oil and gas properties owned by Sword Energy Limited. This transaction is subject to the approval of the shareholders of Sword Energy Limited.

Copies of the Annual Audited Consolidated Financial Statements and Management Discussion and Analysis may be obtained via www.sedar.com or by emailing info@overlordfinancial.com.

Overlord Financial Inc. is a Canadian specialty fund manager focused on providing all classes of investors in Canada and throughout the world with a new generation of investment vehicles offering superior rates of return, preservation of capital, liquidity, and capital appreciation.

For further information concerning this press release, please contact:

Claude Blanchet
President and CEO
Overlord Financial Inc.
(514) 236-360

Larry Titley
Vice President and CFO
Overlord Financial Inc.
(403) 770-4808

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

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