Cathay Forest Products Corp.

Cathay Forest Products Corp.

September 29, 2009 07:00 ET

Cathay Forest Announces Appointment of Chief Operating Officer

TORONTO, ONTARIO--(Marketwire - Sept. 29, 2009) - Cathay Forest Products Corp. (TSX VENTURE:CFZ) ("Cathay Forest" or the "Company") is pleased to announce the appointment of Dr. Run-Peng Wei as Chief Operating Officer of the Company, effective immediately.

Dr. Wei will be responsible for overseeing all of Cathay Forest's forest assets with focus on Fast Growth Plantations and Standing Timber operations in China and Russia as well as for the Forest Stewardship Council ("FSC") certification process of Cathay Forest's forestry operations in both countries. In addition, Dr. Wei will oversee the development of the jatropha plantation of Eco-Energy China Group Inc.("EEC"), a company in which Cathay Forest owns a significant equity interest.

Dr. Wei holds a PhD in forest genetics from the Swedish University of Agricultural Sciences and has decades of experience in the forestry industry. Over the years, more than 34 papers written by Dr. Wei have been published in scientific journals along with 4 books covering topics including plantation management, ecosystem management and genetics.

Most recently, Dr. Wei has been Director-Research & Development for a China-based publicly traded forestry company as well as General Manager of that company's biotechnology operations.

About FSC Certification

The FSC certificate is a global standard for labeling wood products sourced from environmentally responsible forestry and is independently certified by the Forest Stewardship Council, an international non-profit organization promoting responsible management of the world's forests.

About Cathay Forest Products Corp.

Cathay Forest is a forest products company that manages over 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.

About Eco-Energy China Group Inc.

EEC is an integrated biodiesel producer based in Guizhou, China, with ownership of a 40,000 hectare jatropha plantation project and refinery operations. The biodiesel is produced using jatropha oil as primary feedstock. Jatropha (Jatropha curcas) is a non-edible oil-yielding perennial shrub which is attracting considerable global interest due to its ability to grow on non-farm land.

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 by 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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