May 25, 2005 07:00 ET

Ced-Or Corporation: Evolution of the Oriented Strand Board 'OSB' Project

MONTREAL, QUEBEC--(CCNMatthews - May 25, 2005) - Ced-Or Corporation ("Ced-Or") (TSX VENTURE:COQ) is pleased to announce important recent progress in the Value-Added and Cedar Oriented Strand Board (OSB) mill project of its subsidiary, Ced-Or Forest Products Inc. ("COFP") at Bearn, in the Temiscamingue region of Quebec.

During the last months, the following important steps have been
completed for this project:

- The business plan of the project has been updated at the financial,
technical, sales and marketing levels, following the receipt and
acceptance of a letter of intent presented by a major financial

- Numerous experts and consultants have been involved in the project,
in both the technical and marketing fields, in the process of the
due diligence investigation;

- There have been ongoing discussions and negociations with our
governmental and para-governmental financial partners in order to
convert as quickly as possible, into concrete contibutions, the
conditional offers already received by these institutions.

Ced-Or is confident that it will realize its OSB project in 2005.

Ced-Or common shares trade on the TSX Venture Exchange

The TSX Venture Exchange is not responsible in any way whatsoever for the authenticity or accuracy of this release.

Contact Information

  • Ced-Or Corporation
    Jean Paul Cossette
    (514) 396-2600
    Ced-Or Corporation
    Luc Carpentier
    Director, Administration and finances
    (819) 440-2600
    (514) 396-3359 (FAX)