Cathay Forest Products Corp.

Cathay Forest Products Corp.

June 17, 2008 10:43 ET

Cathay Forest to Host Russian Government Delegation

TORONTO, ONTARIO--(Marketwire - June 17, 2008) - Cathay Forest Products Corp. (TSX VENTURE:CFZ), is pleased to announce that the Minister of Natural Resources and the Minister of Forestry of Khabarovsk, Russia has accepted Cathay's invitation to visit Toronto, Canada.

A special luncheon will be hosted by Queen's Park on July 3rd, 2008 to welcome Mr. Gennady Pocherevin, Minister of Natural Resources, Khabarovsk Region and Mr. Vasily Shikhaley, Minister of Forestry, Khabarovsk Region.

The ministers will be hosting a reception, along with Mr. Anthony Ng, CEO of Cathay Forest Products Corp., at the National Club of Toronto at 4pm on July 3rd to discuss Khabarovsk's natural resources, investment opportunities, and Cathay's future expansion in the region.

For more detailed information regarding this event, please contact Justin Chen at or (416) 226-7269.

About Cathay Forest Products

Cathay Forest is a forest products company manages approximately 300,000 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 as well as a variety of other wood products industries.

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 the Company. Actual results and future events could differ materially from those anticipated in such statements. The Company 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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