Cathay Forest Products Corp.

Cathay Forest Products Corp.

January 25, 2008 08:00 ET

Cathay Forest Appoints Luc Perron as CFO

TORONTO, ONTARIO--(Marketwire - Jan. 25, 2008) - Cathay Forest Products Corp. (TSX VENTURE:CFZ) is pleased to announce the appointment of Mr. Luc Perron as Chief Financial Officer. Mr. Perron's position is effective immediately and he will be primarily working from Cathay's Toronto office.

Mr. Luc Perron is a Chartered Accountant and brings with him significant experience in senior finance roles within several industries. In addition to leading corporate finance and administration activities, Luc is experienced with securities regulatory reporting, mergers and acquisitions and corporate reorganizations. Mr. Perron has proven success in leading due diligence initiatives, process improvements and corporate transformations, and will provide solid guidance in matters of Corporate Governance to the Company. Mr. Perron holds a Bachelor of Commerce Degree from McMaster University in 1982.

Mr. Felix Tung, Cathay's outgoing CFO will work with Mr. Perron for a brief transition period. The Company wishes to thank Mr. Tung for his valuable contributions to Cathay Forest during his time as CFO.

About Cathay Forest Products

Cathay Forest is a forest products company managing standing timber properties and developing fast-growth, high-yield poplar plantations in the People's Republic of 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 harvesting customers serving a variety of wood product industries.

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

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