Overlord Announces Management Changes

CALGARY, December 4, 2006 - Overlord Financial Inc. (the “Company”) announces the resignation of Mr. Claude Blanchet as President, CEO and Director of the Company and its subsidiaries. The Board of Directors wishes to thank Mr. Blanchet for providing strong leadership in a time of transition.

Mr. Blanchet rose to the position of President and Chief Executive Officer in January 2006 following the passing of Mr. Marcel Tremblay. He provided the leadership required to further develop the collateralized fund obligation concept that the Company plans to introduce to investors in the new year. Mr. Blanchet’s management expertise will be missed.

Overlord Financial Inc. is an investment manager with expertise in the junior oil and gas sector, energy-based trusts, oil and gas property management, private equity and high-yield 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 does not accept responsibility for the adequacy or accuracy of this release.

Click here for PDF version