Cathay Forest Products Corp.
TSX VENTURE : CFZ

Cathay Forest Products Corp.

June 30, 2009 10:02 ET

Cathay Forest Announces New Board Member

TORONTO, ONTARIO--(Marketwire - June 30, 2009) - Cathay Forest Products Corp. (TSX VENTURE:CFZ) ("Cathay Forest") today announces that at its Annual General Meeting held on June 25, 2009, John Duncanson was elected as a director of Cathay Forest. With the addition of Mr. Duncanson to the board of directors there will now be seven directors as all incumbents were re-elected to serve for another term. In addition to Mr. Duncanson the directors of Cathay Forest are John Housser, Raymond Lo, Stephen Miller, Anthony Ng, John Reynolds and Paul Wong.

A registered professional forester and an ISO 10000 auditor with over 35 years of forest industry experience, Mr. Duncanson is currently an independent forest consultant with clients that include several large international forestry companies. He is also President of Duncanson Investment Research Inc., a provider of independent investment advice to money managers and institutional clients. Mr. Duncanson brings several years of experience working in Asia, Europe and South America in addition to his North America experience.

About Cathay Forest Products

Cathay Forest is a forest products company that manages approximately 1,000,000 hectares of standing timber properties and fast-growth, high-yield poplar plantations in China and Russia. Cathay Forest is building a world-class forest products company through a customer base that includes the domestic Chinese pulp and paper industry and other wood products customers in the Japanese market.

Forward-Looking Statements

All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the future plans and objectives of Cathay Forest. Actual results and future events could differ materially from those anticipated in such statements. Except as required under applicable securities laws, Cathay Forest assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this release.

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