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Catalyst Paper Withdraws Proposed Private Placement of Senior Notes
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Vancouver, British Columbia, Canada, 26 June 2007 -- /PRNewswire/ -- Catalyst Paper Corporation today announced that due to adverse capital market conditions it has decided to withdraw its proposed private placement of USD 200 million in aggregate principal amount of senior notes.

Catalyst is a leading producer of mechanical printing papers in North America, headquartered in Vancouver, British Columbia. The company also produces market kraft pulp and owns Western Canada's largest paper recycling facility. With five mills at sites within a 160-km radius on the south coast of British Columbia, Catalyst has a combined annual capacity of 2.4 million metric tons of product. Catalyst's common shares trade on the Toronto Stock Exchange under the symbol CTL.

Source: Catalyst Paper Corporation


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