OVERLORD ANNOUNCES 2006 YEAR END RESULTS

Calgary, Alberta, April 19, 2007 - Overlord Financial Inc. (the “Company”) announces its filing of the Annual Audited Consolidated Financial Statements for the year ended December 31, 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.

The Company experienced an active year with its first oil and gas flow-through fund, Catapult Energy Small Cap FTS Limited Partnership, a limited partnership managed by Catapult Energy 2006 Inc. (“Catapult 2006”) closing on October 31, 2006. The Company also began a new line of business through Aston Hill Financial Ltd. (“Aston Hill”) which focuses on investments in dividend paying common shares, income trusts and other yield vehicles.

The Company recorded a net loss for the year 2006 of $1,478,748 compared to a net loss of $230,612 for 2005. Revenues representing management fees totaled $353,809 and expenses for the year totaled $2,950,500 of which $516,180 was related to non-cash expense items. Investing activities of the Company resulted in income of $1,117,943 for the year.

Subsequent to year end, Aston Hill signed an Advisory Agreement with Arrow Hedge Partners Inc. (“Arrow Hedge”). Aston Hill will provide portfolio advisory services to Arrow Hedge on its new fund, Arrow Canadian Income Fund. The investment objective of Arrow Canadian Income Fund is to achieve a high level of income and potential capital gains with an attractive risk-adjusted return with moderate volatility.

Also, subsequent to year end, the Company incorporated Catapult Energy 2007 Inc. (“Catapult 2007”) to act as the general partner of the Catapult Energy Small Cap FTS Limited Partnership 2007 (the “Partnership”). Catapult 2007 is responsible for developing and implementing all aspects of the communications, marketing and distribution strategies for the Partnership and will manage its ongoing business and administrative affairs. Catapult Financial Management Inc., a wholly owned subsidiary of the Company, will be retained by Catapult 2007 to advise on the management of the investments in flow-through shares of private and public junior resource issuers for the Partnership. The Partnership is scheduled to close its initial public offering in the second quarter of 2007.

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 .

verlord 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.

Eric Tremblay
Chief Executive Officer
Overlord Financial Inc.
(403) 770-4805

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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