Terms of Usse

Legal Disclaimer

CATALYST provides this website (the "Site") for educational and information purposes only. The Site is not intended to provide any type of professional advice, and should not be relied on in that respect. Your access to and continued use of the Site constitutes your acceptance of and compliance with the following provisions. If you have not already done so, please take some time to familiarize yourself with these provisions. If you do not agree to these terms and conditions, you must immediately discontinue any use of the Site. By using the Site, you represent and warrant to CATALYST that you have all the rights and entitlement in your jurisdiction to do so, and that you are not violating any applicable laws, regulations, policies or other restrictions in doing so.

This Site is not intended as a solicitation or offering of securities in any jurisdiction. The information on this Site is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to CATALYST and should not be used for the purpose of making investment decisions concerning CATALYST securities. Printed copies of public disclosure documents may be obtained from Investor, Media and Corporate Relations at CATALYST.

CATALYST maintains the Site for information purposes. While CATALYST will use reasonable efforts to include accurate and up to date information on this Site, CATALYST makes no representations or warranties of any kind, either express or implied, regarding the Information, including warranties of accuracy, completeness, timeliness, mechantability, fitness for a particular purpose or freedom from computer viruses. In addition, CATALYST makes no representations and warranties whatsoever about any other website that may be accessed through, or as a result of, the Information or the Site, as such other websites are independent of CATALYST, and CATALYST has no control over their content. A link to another website does not mean CATALYST endorses or accepts any responsibility for the content, or the use, of such website.

It is up to you to take precautions to ensure that whatever information, including the Information, you may access or download from the Site or otherwise is free of viruses, worms, trojan horses and other items of a destructive nature.

Limitation of Liability

USE OF THE SITE IS SOLELY AT YOUR OWN RISK. IN NO EVENT WILL CATALYST BE LIABLE TO ANY PARTY FOR ANY DIRECT, INDIRECT, EXEMPLARY, INCIDENTAL, PUNITIVE, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES ARISING OUT OF THE USE OF THE SITE, THE INFORMATION AVAILABLE ON THE SITE OR ANY HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR COMPUTER SYSTEM, PERSONAL INJURY OR OTHER PECUNIARY LOSS, EVEN IF CATALYST IS EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. BY USING THE SITE, YOU AGREE TO RELEASE CATALYST AND ALL ITS AFFILIATES (AS WELL AS THE EMPLOYEES, OFFICERS, DIRECTORS AND AGENTS THEREOF) FROM ANY AND ALL INJURIES OR DAMAGES RESULTING FROM YOUR USE OF THE SITE.

Forward-Looking Statements

Certain Information set out in this Site is forward-looking. Forward-looking statements are statements, other than statements of historical fact, that address or discuss activities, events or developments that we expect or anticipate may occur in the future. These forward-looking statements can be identified by use of words such as "anticipate", "believe", "could", "estimate", "expect", "intend", "likely", "may", "project", "seek", "will", and similar expressions or the negative thereof. These forward-looking statements reflect management's current views and are based on certain assumptions including assumptions as to future economic conditions and courses of action, as well as other factors management believes are appropriate in the circumstances. Such forward-looking statements are subject to risks and uncertainties and no assurance can be given that any of the events anticipated by such statements will occur or, if they do occur, what benefit we will derive from them. A number of factors could cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements, including the impact of general economic conditions in the United States and Canada and in other countries in which we do business; market conditions and demand for our products and the outlook for inventories, production and pricing; expected cash flows, capital expenditures and completion of capital projects; business strategies and measures to implement strategies; competitive strengths, goals, expansion and growth of our business and operations; fluctuations in foreign exchange or interest rates; our ability to successfully obtain performance improvements and cost savings from our cost reduction initiatives; labour unrest; fluctuations in the availability and cost of raw materials, including fibre and energy; implementation of environmental legislation requiring capital for operational changes; the availability of qualified personnel or management; the outcome of certain litigation or disputes; conditions in the capital markets and our ability to obtain financing; and other factors, many of which are beyond CATALYST'S control, including those factors identified under the heading "Risk Factors" in the management's discussion and analysis section of CATALYST'S most recent annual report available at www.sedar.com. CATALYST'S actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will occur, or if any of them do so, what benefits, including the amount of proceeds, we will derive therefrom. CATALYST disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Copyright and Trademark Information

Nothing on this Site shall be construed as conferring any licence of any intellectual property rights, whether by estoppel, implication or otherwise. You may display, download or print the information (whether in text, image, audio or video form) displayed on the Site (the "Information") for your own internal purposes provided that you retain all copyright and other proprietary notices contained on such Information. However, you may not use, reuse, repost, distribute, modify, or transmit any Information for any commercial purpose or for public use without CATALYST's prior written permission. Any unauthorized downloading, retransmission or other copying or modification of trademarks and/or the contents of this Site may violate federal or other trademark or copyright law, and such actions may result in legal action. Please note that the Site may contain other proprietary notices and copyright information that must be observed.

Revisions

CATALYST may revise these terms of use at any time by updating this posting. Users are bound by any such revisions and should accordingly visit this page on a periodic basis to review the updated and revised terms and conditions. These terms and conditions were last revised in January 2009.

Governing Law and Severability

The Site, your use of the Site and these terms and conditions are governed by the laws of the Province of British Columbia, and any controversy, dispute or claim arising out of the Site, your use of the Site or these terms and conditions shall be heard in the courts of British Columbia in Vancouver. If any provision of these terms and conditions is found to be invalid or unenforceable by a court of competent jurisdiction, the remaining provisions shall remain in full force and effect.

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