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Catalyst Paper (TSX:CYT) has announced an investment of nearly $16 million in the Rumford pulp and paper mill in Maine, U.S. This is a planned second quarter investment that includes the company's single largest maintenance expenditure in 2015.

Approximately $11.4 million will be invested in various maintenance projects including upgrading the Rumford mill's Recovery Boiler C, which involves completely replacing the 35-year-old generating bank. An additional $4.5 million in capital investments will be made in Q2 (with $1.8 million invested in Q1).

The Rumford mill is exposed to significant seasonal energy cost fluctuations, and with record cold in 2015 resulting in higher than average first quarter energy costs of $3.0 million, this significant maintenance effort will maximize the overall operation and reliability of Recovery Boiler C, leading to improved energy efficiency and reduced energy costs to help mitigate future seasonal energy cost exposure.

"Today's announcement reflects the strategic investments we're making in our recently acquired US assets to accelerate operational excellence improvements that will ultimately deliver enhanced performance and results," said Joe Nemeth, President & Chief Executive Officer. "We expect to realize the benefits of this and other key investments in the second half of 2015 as we complete planned maintenance and capital work, and manage the significant costs we anticipated related to the integration of our US operations. With these and other costs behind us, our assets are well positioned to meet improving market conditions in the second half of the year."

Catalyst anticipates the replacement of the generating bank and additional, related maintenance work at the Rumford mill will be complete by May 30.

About Catalyst Paper
Catalyst Paper manufactures diverse printing papers such as coated freesheet, coated and uncoated groundwood, newsprint, directory, as well as market pulp. Customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With five mills across North America, Catalyst has annual production capacity of 2.3 million tonnes. Catalyst is headquartered in Richmond, British Columbia, Canada and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

SOURCE Catalyst Paper Corporation

For further information:

Joe Nemeth, President & Chief Executive Officer, (604) 247-4012

This information is being distributed to you by / Cette information vous est transmise par : Catalyst Paper Corporation

2nd Floor, 3600 Lysander Lane, Richmond, BC, V7B 1C3, Canada
www.catalystpaper.com

With a continued sharp focus on operational excellence priorities, Catalyst Paper (TSX:CYT) today announced improved operating performance for the first quarter of 2015.

Adjusted earnings before tax, depreciation and amortization (EBITDA) were $14.0 million compared to $6.8 million in Q4 2014. Excluding specific items, our net loss was $12.6 million compared to a net loss of $10.4 million in the fourth quarter of 2014. In the first quarter, we incurred $1.4 million on transaction costs to complete the acquisition of the US mills and $5.5 million on integration of the mills. Free cash flow was negative $8.1 million, compared to negative $12.2 million in the previous quarter. We ended Q1 with total liquidity of $101.6 million.

Improved operating results were driven by Catalyst's Canadian operations, which delivered performance improvements, including significantly better paper productivity and strong cost control related to maintenance and labour spending. Results were buoyed by the declining Canadian dollar but challenged by lower paper transaction prices.

For the US operations, investments were targeted at accelerating the integration process, and establishing the structures and systems to support the company's expanded North American business. Results in the quarter were negatively impacted by exceptionally cold weather.

"The leadership changes and investments we made in the past 18 months are delivering step change performance improvements in Canada," said Joe Nemeth, President & Chief Executive Officer. "We're applying the same approach and sense of urgency in our US operations, and with the majority of strategic investments and integration costs behind us by the end of Q2, we believe we will have a strong second half."

Quarter Highlights

The Canadian operations had a strong first quarter. Paper productivity increased by 2.8% compared to Q1 2014, after adjusting for the indefinite curtailment of the No. 9 paper machine at Powell River. Performance improvements were led by the Powell River division, which reported a step change in safety performance, machine productivity and cost control, as the mill implemented a comprehensive revitalization initiative to support its long-term sustainability.

The Canadian operations also maintained a diligent focus on mitigating the ongoing challenge of increasing hydro-electricity rates in British Columbia. The Canadian mills' energy management program yielded a net benefit of $3.6 million in the first quarter.

A key focus in Q1 was the integration of the US mills and the establishment of a regional sales, marketing and order fulfilment office in Ohio. With the acquisition, the company has inherited strong specialty paper brands that will be strategically marketed given their high-profile marketplace presence and customer acceptance.

Selected Financial Information

Market Conditions

Market conditions remained challenging as North American demand for the company's paper grades decreased from the previous quarter, leading to increased inventory levels compared to Q4 2014. The decline in demand was most significant for directory and newsprint, products which continued to be displaced by digital alternatives. Capacity closures, however, led to strengthening operating rates and improved pricing in the first quarter for coated groundwood paper. While NBSK shipments and benchmark prices for China declined in the first quarter, the weakening Canadian dollar more than offset any price decline in the quarter.

Outlook

Second quarter earnings are expected to be negatively impacted by higher power costs for our Canadian operations due to an announced hydro-electricity rate increase, maintenance spending related to a major maintenance shut at our Rumford mill in May, integration costs related to our US paper mills and market curtailments.

The curtailments at the Port Alberni and Powell River mills will remove production of more than 18,000 tonnes, while the curtailment at the Rumford mill will remove production of 25,000 tonnes. These curtailments are scheduled to be concurrent with planned maintenance outages to minimize the impact on costs and operations.

We expect that the investments made in the first half of the year in our US operations will benefit our results in the second half, as we improve margins from efforts to drive down operating costs, harmonize brands, improve product mix, and leverage synergies related to distribution and logistics.

Further Quarterly Results Materials

This release, along with the full Management Discussion & Analysis, Financial Statements and accompanying notes are available on our web site at www.catalystpaper.com/Investors. This material is also filed with SEDAR in Canada and EDGAR in the United States.

About Catalyst Paper

Catalyst Paper manufactures diverse printing papers such as coated freesheet, coated and uncoated groundwood, newsprint, directory, as well as market pulp. Customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With five mills across North America, Catalyst has annual production capacity of 2.3 million tonnes. Catalyst is headquartered in Richmond, British Columbia, Canada and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

Forward-Looking Statement

Certain matters in this news release, including statements with respect to general economic and market conditions, demand for products, pricing expectations, anticipated cost savings and capital expenditures, are forward looking. These forward-looking statements reflect management's current views and are based on certain assumptions including assumptions as to future economic conditions, demand for products, levels of advertising, product pricing, ability to achieve operating and labour cost reductions, currency fluctuations, production flexibility and related courses of action, as well as other factors management believes are appropriate. Such forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in these statements, including those risks and uncertainties identified under the heading "Risks and Uncertainties" in Catalyst's Management's Discussion and Analysis contained in Catalyst's annual report for the year ended December 31, 2014 available on the company's website at www.catalystpaper.com/investors and at www.sedar.com.

SOURCE Catalyst Paper Corporation

Catalyst is pleased to launch our new coated product line-up. Since purchasing mills in Biron, Wisconsin and Rumford, Maine, Catalyst has leveraged the best of our manufacturing platform to create the most comprehensive web product line in North America. Effective May 4, 2015, Catalyst Paper will become the sole manufacturer of the Orion®, Vision®, Escanaba®, Dependoweb®, Capri® and Consoweb® brands. This suite of well-known coated products, recognized for their excellent quality and pressroom performance, is available for purchase now, with full production capability across all three Catalyst coated mills in Port Alberni, BC; Rumford, ME; and Biron, WI mills in June. "The fact that these brands now belong exclusively to Catalyst, and are integrated into the complete Catalyst product portfolio, only strengthens our ability to be part of our customer's success. When combined with our strong reputation for service, we are confident in our ability to exceed our customers' expectations and look forward to the opportunity to earn their business," says Jim Bayles, SVP, Sales and Marketing.

In keeping with Catalyst's longstanding commitment to corporate and environmental sustainability, the Sage brand – the pinnacle of the Catalyst green offering – is still available for most products. Sage papers are chain of custody certified, manufactured carbon neutral, fully transparent in terms of their environmental disclosure, and contribute $1 of every tonne sold to our green partners' initiatives.

We thank loyal customers of our previous Catalyst brands in this category and we look forward to introducing them to our new brands as they consider their coated printing needs. For detailed descriptions and specifications, please visit www.catalystpaper.com.

About Catalyst Paper Corporation
Catalyst manufactures diverse printing papers such as coated freesheet, coated and uncoated groundwood, newsprint, directory, as well as market pulp. Its customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With five mills across North America, Catalyst has annual production capacity of 2.1 million tonnes and employs over 5,500 employees. Catalyst is headquartered in Richmond, British Columbia, Canada, and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

SOURCE Catalyst Paper Corporation

For further information:

Jim Bayles, Senior Vice-President, Sales and Marketing, 604-247-4766

This information is being distributed to you by / Cette information vous est transmise par : Catalyst Paper Corporation

2nd Floor, 3600 Lysander Lane, Richmond, BC, V7B 1C3, Canada
www.catalystpaper.com

Catalyst Paper (TSX: CYT) has announced the decision to indefinitely curtail the No. 9 paper machine, one of three machines at its Powell River operation. This decision is fully market-related as the company is facing a lack of orders and a declining market for the paper manufactured on paper machine No. 9, which was temporarily curtailed on October 27.

"This is a difficult, but necessary decision that supports Catalyst's commitment to align mill operations and production with market demand," said Joe Nemeth, President and Chief Executive Officer. "We are committed to making the Powell River operation successful for the long term, and will be working with our employees, leadership and the unions on a plan to make improvements to secure our sustainability."

It is anticipated that this change will result in the loss of 50 jobs at the Power River operations and the Surrey Distribution Centre, Catalyst's product distribution hub. The company will be working with employees and the Union locals on a transition plan to mitigate the impact of this decision.

About Catalyst Paper
Catalyst manufactures diverse specialty mechanical printing papers, newsprint and pulp. Its customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With three mills in British Columbia, Catalyst has annual production capacity of 1.5 million tonnes. Catalyst is headquartered in Richmond, British Columbia, Canada and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

Catalyst Paper (TSX:CYT) recorded adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the third quarter of $8.0 million compared to $7.1 million in the previous quarter.  Adjusted EBITDA for the year to date was $40.8 million compared to $27.0 million for the corresponding period last year.

Operating results reflect the production and manufacturing cost impact of a total mill outage at the Powell River mill and annual boiler shuts at the Powell River and Port Alberni mills, and lower specialty paper pricing and paper sales volumes due to weakening North American paper demand. This was partly offset by record-setting pulp production in the quarter and significantly reduced pulp manufacturing costs.

The company recorded a net loss of $22.5 million ($1.55 per common share) and a net loss before specific items of $10.8 million ($0.74 per common share) compared to $6.3 million ($0.43 per common share) and $13.6 million ($0.94 per common share), respectively, in the prior quarter. Net earnings this quarter were negatively impacted by a settlement loss on a multi-employer pension plan carried over from the discontinued Snowflake mill of $1.2 million and a foreign exchange loss on the translation of US dollar denominated debt of $12.6 million. Free cash flow for the quarter was negative $8.0 million and liquidity decreased $12.8 million from the prior quarter mostly due to the payment of annual property taxes and insurance premiums.  Free cash flow for the year to date was negative $5.0 million compared to negative $27.3 million for the corresponding period last year.

"The achievement of record pulp productivity in the quarter can be directly attributed to the debottlenecking work completed on the pulp mill in June," said Catalyst President and CEO Joe Nemeth. "With a maintenance-heavy quarter behind us, we are focused on cost-control, watching market demand closely and matching production to our order book."

Purchase of Paper Mills in Maine and Wisconsin

On October 30, 2014, Catalyst Paper entered into an asset purchase agreement with NewPage Corporation, NewPage Wisconsin System Inc. and Rumford Paper Company to acquire the Biron paper mill located in Wisconsin and the Rumford pulp and paper mill located in Maine, USA for consideration of US$74.0 million, subject to certain adjustments (the "Transaction").  The company intends to finance the acquisition through a combination of advances under its asset-based loan facility (ABL Facility) and a US$25 million offering of additional PIK Toggle Senior Secured Notes due 2017 (2017 Notes) to provide additional working capital.  The contemplated Transaction is still pending regulatory approval and is subject to completion of the previously announced acquisition by Verso Paper Corp. of NewPage Holdings Inc. and other customary closing conditions.

Quarter Highlights

On August 29, 2014, the company completed the sale of its interest in PRSC Limited Partnership and PRSC Land Development Ltd., including the repayment of the mortgage receivable, to the Tla'amin First Nation and City of Powell River for proceeds of $3.0 million.

Market Conditions

Specialty paper markets, typically driven by retail flyer and insert demand in the second half of the operating year, declined from the third quarter of 2013. Benchmark prices declined for coated and uncoated papers while remaining flat for directory, newsprint and NBSK pulp compared to the prior quarter.

Outlook

While specialty printing paper markets will remain challenging for the remainder of the year, it is expected that further demand declines will be tempered by recently announced capacity reduction in the North American coated marketplace which is expected to take full effect by the first quarter of 2015.  The company announced price increases for certain lightweight coated grades of US$20 per short ton, effective November 1, 2014, and for soft-calendered A grade (SC-A) of US$40 per short ton, effective December 1, 2014. NBSK pulp is expected to continue trading in a narrow range for the balance of the year.

The company temporarily curtailed one of three paper machines at the Powell River mill for three weeks starting October 31^st, thereby removing approximately 6,500 tonnes of specialty paper grades from the market, to match production with domestic market demand.

If the acquisition Transaction of the paper mills in Maine and Wisconsin is completed, the addition of these mills is expected to increase the company's production capacity by approximately 65 percent or 995,000 tonnes per year.  Efficiencies are expected to be gained as overhead costs will be distributed over a larger production base. Access to new markets and business opportunities is anticipated.

Further Quarterly Results Materials

This release, along with the full annual Management Discussion & Analysis, Financial Statements and accompanying notes are available on our web site at www.catalystpaper.com/Investors. This material is also filed with SEDAR in Canada and EDGAR in the United States.

Catalyst Paper manufactures diverse specialty mechanical printing papers, newsprint and pulp. Its customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With three mills, located in British Columbia, Catalyst has a combined annual production capacity of 1.5 million tonnes. The company is headquartered in Richmond, British Columbia, Canada and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

Catalyst Paper (TSX:CYT) have announced the temporary curtailment of one of three paper machines at its Powell River mill, removing capacity of 6,500 tonnes of specialty paper grades from the market. This curtailment reflects Catalyst's strategy to match production with domestic market demand and inventory.

The Powell River No. 9 paper machine will be idled on October 31 for three weeks. Additional downtime may be taken later in the quarter based on market demands.

Catalyst is working closely with employees to balance labour and production time to mitigate potential for seasonal layoffs.

"We continue our focus of matching production to customer orders," said Joe Nemeth, President and Chief Executive Officer. "This curtailment is not expected to impact existing customer orders."

Catalyst Paper manufactures diverse specialty mechanical printing papers, newsprint and pulp. Its customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With three mills, located in British Columbia, Catalyst has a combined annual production capacity of 1.5 million tonnes. The company is headquartered in Richmond, British Columbia, Canada and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

Forward-Looking Statement
Certain matters in this news release, including statements with respect to the possibility of future curtailments, potential for layoffs, customer orders, demand for products and production, are forward looking. These forward-looking statements reflect management's current views and are based on certain assumptions including assumptions as to future economic conditions, demand for products, levels of advertising, product pricing, ability to improve productivity and operating costs, currency fluctuations, production flexibility and related courses of action, as well as other factors management believes are appropriate. Such forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in these statements, including those risks and uncertainties identified under the heading "Risks and Uncertainties" in Catalyst's management's discussion and analysis contained in Catalyst's annual report for the year ended December 31, 2013 available on the company's website at www.catalystpaper.com/investors and at www.sedar.com. For these reasons, readers should not place undue reliance on forward-looking statements.

SOURCE Catalyst Paper Corporation

For further information:

Brian Baarda, Vice-President, Finance & CFO, 604-247-4710

This information is being distributed to you by / Cette information vous est transmise par : Catalyst Paper Corporation

2nd Floor, 3600 Lysander Lane, Richmond, BC, V7B 1C3, Canada
www.catalystpaper.com

The Tla'amin First Nation and City of Powell River have completed the transaction to purchase Catalyst Paper Corporation's interest in the PRSC Limited Partnership, a unique joint venture that was established by the three parties in 2006 to sell and redevelop lands that were surplus to Catalyst's operations in the community.

Through its wholly owned corporations, Powell River Waterfront Development Corporation (City) and Tees'kwat Land Holdings Ltd (Tla'amin), the parties retired the mortgage being carried by PRSC and acquired Catalyst's interest in the Limited Partnership for $3 million. The transaction was approved by the courts in 2012 when Catalyst was undergoing financial restructuring while under creditor protection.

Powell River Mayor Dave Formosa stated that "We looked at it as an opportunity for Sliammon and the City to develop and carry out their strategic initiatives, while simultaneously assisting Catalyst during its restructuring. We felt the amount to retire the mortgage and acquire the company's interest in the Limited Partnership was more than fair."

Tla'amin Chief Councillor Clint Williams says, the completion of the purchase re-establishes a connection to lands that are economically important to Sliammon, and to the City of Powell River. As part of the transaction, Sliammon and the City agreed to secure two equally sized parcels of land (5.5 acres each) on PRSC's Marine Industrial property (District Lot 4070) for individual economic development goals. The parcel that will be secured by the First Nation will fulfill a long standing goal for its business interests. "One of the reasons Tla'amin became involved in the Limited Partnership, was to secure land to establish a log dump and sort for its forestry operations. This transaction not only allows PRSC to retire the mortgage for a fair price, but to secure the lands necessary to ensure the success of Thichum Forest Products."

"We are pleased to arrive at the final stages of this jointly beneficial agreement," says Catalyst President and CEO Joe Nemeth. "This transaction represents a mutual investment in community prosperity and continued cooperation between community and our industry. It addresses the City and Tla'amin's need for a diversified economy while enabling Catalyst to focus on core operations."

As a result of this transaction the Limited Partnership Board will be restructured to have 3 representatives from each partner. Representing Tees'kwat will be Chief Councillor Clint Williams, Councillor Walter Paul and Sliammon Development Corporation President Roy Francis. Representing PRWDC on the PRSC Board will be City CFO Shehzad Somji, and Powell River citizen appointees Kevin Sigouin and Chris Roddan.

SOURCE: Catalyst Paper Corporation

For further information:

Mac Fraser
CAO
City of Powell River
604-485-6291

Rod Allan
CAO
Tla'amin First Nation
604-483-9646

Brian Baarda
CFO
Catalyst Paper Corporation
604-247-4710

This information is being distributed to you by / Cette information vous est transmise par : Catalyst Paper Corporation

Catalyst Paper (TSX:CYT) recorded adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the second quarter of $7.1 million compared to $25.7 million in the previous quarter.  Strong operating performance was overshadowed by a planned maintenance outage at the Crofton pulp mill, higher power costs due to a hydroelectricity rate increase, a stronger Canadian dollar and lower transaction prices for pulp and all paper grades.  Sales of $283.5 million exceeded the prior quarter by $9.6 million and reflected higher paper sales due in part to the delivery of shipments delayed by the Q1 container truck driver strike at Port Metro Vancouver.

Catalyst recorded a net loss of $6.3 million ($0.43 per common share) and a net loss before specific items of $13.6 in Q2.  This compared to a net loss of $3.8 million ($0.26 per common share) and net earnings before specific items of $6.5 million the previous quarter.  Free cash flow for the quarter was negative $8.6 million.  Liquidity decreased $37.5 million from the prior quarter due to a lower borrowing base, debt redemption and buybacks in the quarter, the impact of the Crofton maintenance shut, and a scheduled interest payment.

Paper production volumes for the quarter were 3.5% higher than average production in 2013 and 2% higher than the first quarter of 2014 due to improved paper productivity.  Two major debottlenecking initiatives were completed on the pulp mill during the scheduled maintenance outage to increase future pulp production.

"Our operating results were hampered by the cost and production impact of the recovery boiler shut, the hydroelectricity rate increase, and the strengthening Canadian dollar," said Catalyst President and CEO Joe Nemeth.  "On the upside, we achieved a new record in paper productivity in the quarter, we're already seeing improved pulp production as a result of the debottlenecking work completed on the pulp mill, and our program to identify and implement opportunities for improvement is on track to realize significant benefits in 2014 and beyond."

Quarter Highlights

On July 24, 2014, the Ministry of Energy and Mines and BC Hydro introduced a new energy efficiency program that provides a three-year funding injection of $100 million, with $45 million allocated to Catalyst Paper.  The BC Hydro Power Smart program is aimed at reducing the energy intensity and improving the energy efficiency of thermal-mechanical pulping facilities in British Columbia.  The program will benefit Catalyst Paper's three mills located in Crofton, Port Alberni and Powell River by funding 75% of the required capital investment on projects that will improve the energy efficiency of these mills.  The first project at the Powell River mill is in the advanced stages of planning, has an expected cost of $25 million of which 75% will be covered by Power Smart funding, and will reduce the company's annual energy costs by approximately $5 million.

Catalyst redeemed the US$19.4 million outstanding balance on the Floating Rate Senior Secured Notes due 2016.  The company repurchased US$5.0 million of its PIK Toggle Senior Secured Notes due 2017 on the open market.

Market Conditions

North American demand decreased from the second quarter of 2013 for all paper grades except uncoated paper.  Benchmark prices for coated and uncoated paper declined from the previous quarter while remaining flat for directory and newsprint.  For NBSK pulp, the benchmark price decreased by 3.1% compared to Q1 due to short-term destocking in the quarter.

Outlook

The decline in demand for coated and uncoated mechanical paper is expected to continue for the remainder of the year.  Demand for directory paper will continue to decrease due to electronic substitution.  While newsprint demand is expected to continue to contract as circulation and page counts fall, the North American market is expected to remain stable due to pending newsprint machine conversions.

Global pulp inventories are very low and this may put upward pressure on future pulp pricing.  However, China's seasonally low demand and tight monetary policy are expected to negatively impact the softwood pulp market.  Pulp is therefore expected to trade in a narrow range for the balance of the year.

The Power Smart Program will result in improved energy efficiency and will partly mitigate the impact of energy cost rate increases.  Discussions will continue with key stakeholders on a suite of potential initiatives to further mitigate the impact of energy rate escalation.

Third quarter earnings will reflect a scheduled total mill outage at Powell River and power boiler shuts at all three mills.

SOURCE: Catalyst Paper Corporation

Catalyst Paper Corporation have announced the appointment of Pierre A. Raymond as an independent director of the company, effective immediately.

Leslie T. Lederer, Chairman of the Board said, "I am pleased to welcome Mr. Raymond to our Board of Directors.  His extensive knowledge and understanding of corporate strategy, finance and management dealings will add a valuable perspective to the company.  We look forward to benefitting from his judgment and counsel."

Mr. Raymond retired in May 2014 from Stikeman Elliott as a partner in the Montréal office. He served as Chair of the firm from 2006 to 2012 and as a member of the Partnership Board and the Executive Committee from 1997 to 2012. After he stepped down as Chair of the firm, Mr. Raymond continued to coordinate the firm's multiple country and regional initiatives and maintained a management role in the Montréal office, with a focus on client relations. His practice focused primarily on public mergers and acquisitions, securities regulation and corporate finance. Mr. Raymond was counsel to various corporations with regard to national and international securities offerings, tender offers and financings. Mr. Raymond also counselled US and European clients with respect to Québec law in connection with international privatizations, tender offers and acquisitions.

Catalyst Paper manufactures diverse specialty mechanical printing papers, newsprint and pulp.  Its customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe.  With three mills, located in British Columbia, Catalyst has a combined annual production capacity of 1.5 million tonnes.  The company is headquartered in Richmond, British Columbia, Canada and is ranked by Corporate Knights Inc. as one of the 50 Best Corporate Citizens in Canada.

SOURCE: Catalyst Paper Corporation

Catalyst Paper (TSX:CYT) is pleased to accept - on behalf of its 1,600 employees - the honour of being named one of Corporate Knights' Best 50 Canadian Corporate Citizens for the eighth year running.

Corporate Knights, an award-winning quarterly publication for clean capitalism, gave start to its magazine andBest 50 list in 2002 to raise awareness of sustainability issues. Catalyst was one of 144 companies considered by Corporate Knights for its Best 50 list, and evaluated across twelve key performance indicators covering resource, employee and financial management synchronized with the Global 100 Index from information that was disclosed voluntarily in Catalyst's public reports such as financial filings and sustainability reports.

"Earning this title for the eighth year is an honour and significant achievement - something that all Catalyst employees had a hand in realizing," said Joe Nemeth, President and CEO. "This recognition reaffirms that our continual vigilance to raising the bar on sustainability, environmental stewardship and social responsibility is more than just the right thing to do - it's good for business."

The honour reflects Catalyst's ongoing commitment and engagement with partners and organizations to drive forward sustainability and capacity-building initiatives. Our partners include the World Wildlife Fund, the Forest Stewardship Council, the Canadian Business for Social Responsibility, SmartWay, a program of the US Environmental Protection Agency, GreenBlue, the Coast Forest Conservation Initiative, ForestEthics, Greenpeace Canada, and Sierra Club BC.

Catalyst Paper manufactures diverse specialty mechanical printing papers, newsprint and pulp. Its customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With three mills, located in British Columbia, Catalyst has a combined annual production capacity of 1.5 million tonnes. The company is headquartered in Richmond, British Columbia, Canada and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

SOURCE: Catalyst Paper Corporation