Toronto, Ontario, Canada, 22 June 2009 – Fraser Papers Inc. (TSX:FPS) announced today that, following a delisting review, the company received written notice from the Toronto Stock Exchange confirming that Fraser Papers’ common shares will be suspended from trading before market open on 23 June 2009, and delisted at the close of market on 22 July 2009.

The TSX’s decision came as a result of, among other things, Fraser Papers’ recent announcement that it had filed for creditor protection.

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 www.fraserpapers.com.