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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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