Cathay Forest Products Corp.
TSX VENTURE : CFZ

Cathay Forest Products Corp.

October 13, 2010 20:17 ET

Cathay Forest Products Appoints Charles W.K. Kwan as General Manager

TORONTO, ONTARIO--(Marketwire - Oct. 13, 2010) - Cathay Forest Products Corp., (TSX VENTURE:CFZ) a forest products company with operations in China and Far East Russia, is pleased to announce that Mr. Charles Kwan has been named General Manager effective October 31, 2010. Reporting to the CEO, Mr. Kwan will be responsible for the day-to-day management of the Shanghai head office, and the relationship with the Company's offices outside Shanghai and the Company's partners in China, including overseeing all contractual arrangements in the China based provinces where the Company has operations.

Mr. Kwan was most recently the General Manager of Sino United Publishing (Holdings) Ltd., a conglomerate of book publishing, printing, and retailing, which is fully owned by the State Department of the PRC Central Government. Mr. Kwan received a Masters in Business Administration from San Francisco State University. Mr. Kwan is fluent in both Mandarin and English.

"We are pleased to have attracted the caliber of talent and business experience that Charles brings to Cathay Forest, in particular his experience in dealing with various levels of Chinese governments" said John Duncanson, Cathay's Interim CEO.

About Cathay Forest Products Corp.

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 has built a world-class forest products company through a customer base that includes the domestic Chinese forest product, pulp and paper industry and other wood products customers in Japan.

Forward-Looking Statements

All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risk and uncertainties, including, without limitation, statements regarding the future plans and objectives of Cathay Forest. We caution readers not to place undue reliance on these statements as a number of important factors could cause actual results and future events to differ materially from the plans, objectives, expectations and intentions expressed in such forward-looking statements. Except as required under applicable securities laws, Cathay Forest assumes no obligations 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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