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Catalyst's Principal Securityholders and KGI Amend Support Agreement for a Potential Acquisition of Catalyst Paper; KGI Begins Due Diligence Process

Tuesday, August 16, 2016

Richmond, (BC) – Catalyst Paper Corporation (TSX:CYT) ("Catalyst" or the "Company") today announced that its four largest shareholders holding or controlling approximately 79% of its outstanding common shares, including accounts or funds managed by Mudrick Capital Management, L.P., Cyrus Capital Partners, LP, Oaktree Capital Management, L.P. and Stonehill Capital Management LLC (collectively, the "Principal Securityholders"), have amended the previously announced support agreement with Kejriwal Group International ("KGI") and accordingly filed amended Schedule 13Ds with the United States Securities and Exchange Commission.

Catalyst permanently shuts down paper machine No. 9

Friday, July 29, 2016

Catalyst Paper has permanently shut down Paper Machine No. 9 at the Powell River mill. Paper Machine No. 9 has been indefinitely curtailed since Dec. 2014. Catalyst continues to focus on revitalizing the Powell River mill for the future.

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Catalyst Paper Corporation's Principal Securityholders and KGI Enter into a Support Agreement for a Potential Acquisition of Catalyst Paper

Thursday, June 30, 2016

Richmond, (BC) – Catalyst Paper Corporation (TSX:CYT) ("Catalyst" or the "Company") today announced that it has been advised that the four largest shareholders of the Company holding or controlling approximately 79% of the Company's outstanding common shares, that include Mudrick Capital Management, L.P., Cyrus Capital Partners, LP, Oaktree Capital Management, LP and Stonehill Capital Management LLC (collectively, the "Principal Securityholders") have entered into a support agreement with Kejriwal Group International ("KGI").

2016 Second Quarter Conference Call

Wednesday, June 29, 2016

Richmond, (BC) – Catalyst Paper Corporation (TSX:CYT) will hold a conference call on Thursday, July 28, 2016 at 8:00 a.m. PDT / 11:00 a.m. EDT to review the Company's 2016 second quarter results.

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