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Clearwater Paper Corporation

Spokane, Washington, USA, 14 June 2010 -- (BUSINESS WIRE) -- Clearwater Paper Corporation (NYSE:CLW) today announced the expiration of certain trading restrictions on its 10 5/8% senior notes due 2016, issued on 11 June 2009, pursuant to a private placement, allowing the notes to be freely tradable by nonaffiliates of the company without any restrictions under Rule 144 of the Securities Act of 1933.

All beneficial interests in the global certificates with restrictive legends bearing CUSIP numbers 18538R AA1 and U18510 AA2 that represented the notes upon their issuance have been exchanged for corresponding beneficial interests in a new unrestricted global certificate representing the notes bearing unrestricted CUSIP number 18538R AC7.

Clearwater Paper manufactures quality consumer tissue, bleached paperboard, and wood products at six facilities across the United States. The company is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper's 2400 employees build shareholder value by developing strong customer partnerships through quality and service.


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