Overlord Announces Third Quarter Results

CALGARY, November 29, 2006 - Overlord Financial Inc. (the “Company”) announces the filing of its unaudited interim consolidated financial statements for the period ended September 30, 2006 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.

During the nine months ended September 30, 2006, the Company recorded a net loss of $0.3 million consisting of a gain on sale of marketable securities of $1.2 million, a gain on sale of Sword Management Inc. (a wholly owned subsidiary) of $1.1 million and management fees of $0.3 million offset by expenses of $2.9 million. Expenses consist of operating expenses of $1.8 million, stock compensation expense of $0.5 million, and a loss on the sale of a long-term investment in Sword Energy Limited shares of $0.6 million.

Copies of the unaudited interim 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 Calgary-based investment manager specializing in energy. Overlord’s areas of expertise include junior oil and gas investments (public and private), energy income trusts, the management of oil and gas properties and other structured products.

For further information concerning this press release, please contact:

Eric Tremblay
Executive Chairman
Overlord Financial Inc.
(403) 770-4817

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.

Click here for PDF version