Overlord launches Catapult Energy Small Cap 2007 FTS Limited Partnership - Initial Public Offering - Maximum $25,000,000

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CALGARY, February 26, 2007 - Calgary-based Overlord Financial Inc. (TSXV: OFI) is pleased to announce that it has filed a preliminary prospectus relating to the initial public offering of Catapult Energy Small Cap 2007 FTS Limited Partnership (the "Partnership") Units. The offering will be made in each of the provinces of Canada.

The objectives of the Partnership are to provide investors with capital appreciation and maximize tax benefits. The Partnership intends to achieve these objectives by investing in a portfolio of flow-through common shares of junior oil and gas companies with a market capitalization of less than $250 million. The Partnership expects investors to receive tax deductions equal to 100% of the amount invested for the 2007 taxation year.

The syndicate of agents for the offering is being led by CIBC World Markets Inc. and RBC Dominion Securities Inc., and includes Canaccord Capital Corporation, Scotia Capital Inc., BMO Nesbitt Burns Inc., TD Securities Inc., Dundee Securities Corporation, GMP Securities L.P., Peters & Co. Limited, Raymond James Ltd., Blackmont Capital Inc., Desjardins Securities Inc., Haywood Securities Inc., Jennings Capital Inc. and Research Capital Corporation.

The General Partner, Catapult Energy Management 2007 Inc., a wholly-owned subsidiary of Overlord Financial Inc., will be responsible for developing and implementing all aspects of the Partnership's communications, marketing and distribution strategies and managing the ongoing business and administrative affairs of the Partnership.

Overlord is listed on the TSX Venture Exchange under the ticker symbol OFI. Overlord 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.

A preliminary prospectus relating to these securities has been filed with securities commissions or similar authorities in each of the provinces of Canada but has not yet become final for the purpose of a distribution to the public. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, no shall there be any sale or any acceptance of an offer to buy these securities in any province of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in any such province.

For further information concerning this press release, please contact:

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

Larry Titley
Vice President and Chief Financial Officer
(403) 770-4808

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

 

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