Clarification-FP Newspapers Inc. News Release Dated August 14, 2015

WINNIPEG, MANITOBA--(Marketwired - Aug. 17, 2015) - FP Newspapers Inc. (TSX:FP) would like to provide a clarification regarding its press release dated August 14, 2015 (the "August 14th Release"). The Company stated in its August 14th Release that "FPI declared dividends to shareholders of $0.08 per share for the quarter". The Company would like to clarify that FPI declared dividends for the second quarter of 2015 of $0.08 per share and paid such dividends on July 31, 2015 to shareholders of record on June 30, 2015.

About FPI

FPI owns securities entitling it to 49% of the distributable cash of FP Canadian Newspapers Limited Partnership ("FPLP"). FPLP owns the Winnipeg Free Press, the Brandon Sun, and their related businesses, as well as the Canstar Community News division, the publisher of six community newspapers in the Winnipeg region, The Carillon in Steinbach with its related commercial printing operations and the Carberry News Express weekly publication. The Winnipeg Free Press publishes six days a week for delivery to subscribers and single copy sales, serving Winnipeg and Manitoba with an average Monday through Saturday circulation of approximately 105,000 copies. On Sundays the Winnipeg Free Press publishes a newspaper sold through single-copy retail outlets and vending boxes. The Brandon Sun publishes six days a week, serving the region with an average circulation of approximately 11,050 copies. Canstar Community News publishes weekly with an average circulation of approximately 200,000 copies. The businesses employ approximately 510 full-time equivalent people in Winnipeg, Brandon, Steinbach and Carberry, Manitoba. Further information can be found at www.fpnewspapers.com and in the disclosure documents filed by FP Newspapers Inc. with the securities regulatory authorities, available at www.sedar.com.