Longueuil, Québec, Canada, 22 July 2008 – SFK Pulp Fund (TSX: SFK.UN) announced today that it has declared a cash distribution of CAD 0.01 per unit, payable on 15 August 2008 to unitholders of record at the close of business on 31 July 2008.

SFK Pulp operates, through its subsidiaries, the Saint-Félicien mill, the Fairmont mill, and the Menominee mill (with a total annual production capacity of 735,000 metric tons) and employs approximately 550 people. The Saint-Félicien mill (located in Saint-Félicien, Québec, approximately 450 km north of Montréal) has an annual production capacity of 375,000 metric tons of northern bleached softwood kraft (NBSK) pulp and supplies NBSK pulp to various sectors of the paper industry in Canada, the United States, and in Europe for use in speciality products. The Fairmont mill (located in Fairmont, West Virginia, USA) and the Menominee Mill (located in Menominee, Michigan, USA), with a combined annual production capacity of 360,000 metric tons, both manufacture air-dried market recycled bleached kraft (RBK) pulp and primarily supply RBK pulp to manufacturers of uncoated freesheet, commercial and away-from-home tissue, and coated paper in the United States.