Colabor Group Inc. Announces the Appointment of Joane Demers to the Corporation's Board of Directors

BOUCHERVILLE, QUÉBEC--(Marketwired - March 2, 2015) - Colabor Group Inc. (TSX:GCL) ("Colabor" or the "Corporation") today announced the appointment of Ms. Joane Demers as director of the Corporation. The appointment takes effect immediately and fills a vacancy on Colabor's Board of Directors.

Ms. Demers has been a consultant with Gestion Exécutive JD for more than 10 years. She was previously Vice-President and Controller of National Bank of Canada. Before joining National Bank, Ms. Demers was Executive Vice-President and Chief Financial Officer of TVA Group Inc. for five years and Director of Finance and Treasurer at Gaz Métropolitain for five years. She currently serves on the boards of other Quebec companies. Ms. Demers holds a bachelor's degree in accounting from Université de Sherbrooke and is a Fellow of the Ordre des comptables professionnels agréés du Québec.

"Colabor is pleased to appoint Joane Demers to its Board of Directors. Ms. Demers brings to the Board her extensive experience in strategic responsibilities and is recognized for her rigour in matters of ethics and governance. On behalf of all members of the Board, I extend to her a most cordial welcome," said Robert Panet-Raymond, Chairman of the Board of Directors of Colabor.

In other appointments, Mr. Robert Cloutier becomes Chairman of the Corporate Governance and Human Resources Committee of the Board. He succeeds Mr. Richard Lord, who becomes Chairman of the Audit Committee.

ABOUT COLABOR

Colabor is a wholesaler and distributor of food and non-food products serving the foodservice market (cafeterias, restaurants, hotels, restaurant chains) in Québec, Ontario and the Atlantic provinces, as well as the retail market (grocery stores and convenience stores).

FORWARD-LOOKING STATEMENTS

This news release may contain forward-looking statements reflecting the opinions or current expectations of Colabor Group Inc. concerning its performance and business operations and future events. These statements are subject to risks, uncertainties and assumptions. Actual results or events may differ.