Fraser Papers Inc.

Fraser Papers Inc.

October 22, 2009 17:41 ET

Fraser Papers Announces Further Extension of CCAA Protection

TORONTO, ONTARIO--(Marketwire - Oct. 22, 2009) - Fraser Papers Inc. ("Fraser Papers" or the "Company") announced today that that the Ontario Superior Court of Justice (the "Court") has granted a further extension of the initial Order under which Fraser Papers, together with its subsidiaries, was granted creditor protection under the Companies' Creditors Arrangement Act (Canada) (the "CCAA"). This extension is through December 4, 2009 and was supported by PricewaterhouseCoopers Inc., the Court appointed Monitor of the Company's CCAA process.

Fraser Papers is an integrated specialty paper company that produces a broad range of specialty packaging and printing papers. The Company has operations in New Brunswick, Maine, New Hampshire and Quebec. For more information, visit the Fraser Papers web site at www.fraserpapers.com.

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