Toronto, Ontario, Canada, 14 April 2010 – Fraser Papers Inc. (together with its subsidiary, FPS Canada Inc.) announced today that it obtained final approval on 13 April from the Ontario Superior Court of Justice (Commercial List) to complete the sale of its pulp mill located in Thurso, Québec, to Fortress Specialty Cellulose Inc.

The company and Fortress expect to close the transaction within the next few weeks.

Fraser Papers is an integrated specialty paper company that produces a broad range of specialty packaging and printing papers. The company has operations in New Brunswick and Québec in Canada, and in Maine and New Hampshire in the United States. For more information, visit the Fraser Papers Web site at www.fraserpapers.com.