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Cathay Forest Products Applies for Reinstatment of Shares Trading

Toronto, Ontario, Canada, 28 March 2011 -- (Marketwire) -- Trading in the shares of Cathay Forest Products Corporation (TSX VENTURE:CFZ) was initially suspended by the TSX Venture Exchange as a result of a cease trade order issued by the Ontario Securities Commission (OSC) and the British Columbia Securities Commission (BCSC) on 01 February 2011. The cease trade orders issued by OSC and BCSC both expired on 16 February 2011.

Cathay Forest then proceeded expeditiously with its application to the Exchange for a reinstatement of trading in its shares. Before reinstatement of company shares to trading, the Exchange initiated a full review of the company's application. The company is cooperating fully with the Exchange in its listing review and expects trading to be reinstated shortly following completion of the review by the Exchange.

Cathay Forest is a forest products company that manages approximately 1 million hectares of standing timber properties and fast-growth, high-yield poplar plantations in China and Russia. Cathay Forest is building a world-class forest products company through a customer base that includes the domestic Chinese pulp and paper industry and other wood products customers in the Japanese market.


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