Richmond, British Columbia, Canada, 10 March 2010 – Catalyst Paper Corporation (TSX:CTL) today announced the closing of the private exchange offer and consent solicitation of Catalyst’s 11% senior secured notes due 15 December 2016 (the new notes) for its outstanding 8 5/8% senior notes due 15 June 2011 (the old notes).
 
The exchange offer was closed as scheduled on 10 March 2010, and USD 318,676,000 in aggregate principal amount of old notes were accepted by Catalyst in exchange for USD 280,434,000 in aggregate principal amount of new notes. On the closing of the exchange offer, USD 35,552,000 aggregate principal amount of old notes remain outstanding.