Vancouver, British Columbia, Canada, 19 April 2012 – Fortress Paper Ltd. announces that the parties to the purchase agreement for the previously announced acquisition of the nonoperating pulp mill located at Lebel-sur-Quevillon, Quebec, from Domtar Inc. have agreed to an extension to the closing date. Fortress Paper continues to work diligently with the other parties to satisfy all the conditions precedent to closing, and the transaction is expected to be completed in the normal course as soon as practicable.

About Fortress Paper

Fortress Paper operates internationally in three distinct business segments: dissolving pulp, specialty papers, and security paper products. The company operates its dissolving pulp business at the Fortress specialty cellulose mill, located in Canada. The business also is in the process of expanding into the renewable energy generation sector with the construction of a cogeneration facility. The company operates its specialty papers business at the Dresden mill, located in Germany, where it is a leading international producer of specialty nonwoven wallpaper base products. The company operates its security paper products business at the Landqart mill, located in Switzerland, where it produces banknote, passport, visa, and other brand protection and security papers, and at its Fortress optical facility, located in Canada, where it manufacturers optically variable thin film material.