Toronto, Ontario, Canada, 03 May 2010 – Fraser Papers Inc. (together with its subsidiary, FPS Canada Inc.) announced that on 30 April 2010, it completed the sale of its pulp mill located in Thurso, Québec, to Fortress Specialty Cellulose Inc.

Fraser Papers remains under creditor protection pursuant to the provisions of the Companies’ Creditors Arrangement Act (CCAA), with its stay of proceedings having been extended by the court to 09 July 2010.