Cathay Forest Products Corp.

Cathay Forest Products Corp.

February 09, 2010 15:20 ET

Cathay Forest Awarded a Position in the 2010 TSX Venture 50

TORONTO, ONTARIO--(Marketwire - Feb. 9, 2010) - On February 5, 2010, the TSX Venture Exchange announced that Cathay Forest Products Corp. (TSX VENTURE:CFZ) ("Cathay Forest") has been named as one of the TSX Venture 50, a ranking of strong performers listed on the TSX Venture Exchange. The TSX Venture 50 is comprised of 10 emerging companies in each of the five industry sectors that have been identified as leaders in Canada's public venture market. Cathay Forest was selected as part of the Diversified Industries sector.

"It is an honour to be named as part of this year's TSX Venture 50, this our second time in the past three years," said Anthony Ng, CEO. "Our listing on the TSX Venture Exchange has provided us with an excellent forum to reach our stakeholders and meet our goals."

The 2010 TSX Venture 50 were selected based on four equally weighted criteria (return on investment, trading, analyst coverage and market capitalization growth) in the Diversified Industries, Cleantech, Mining, Oil & Gas and Technology and Life Sciences sectors.

About Cathay Forest

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 by applicable securities law, 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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