Fortress Paper Announces Voting Results for Its 2016 Annual General and Special Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 25, 2016) - Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) announces that the following five directors were elected at the annual general and special meeting of shareholders of the Company held on April 21, 2016 (the "Meeting"):

In addition, at the Meeting, shareholders approved: (i) the adoption of a long-term incentive plan of the Company; (ii) certain amendments to the Company's Amended and Restated Stock Option Plan (the "Option Plan"); (iii) all unallocated options issuable pursuant to the Option Plan, and authorized the Company to grant options thereunder until April 21, 2019; and (iv) the appointment of PricewaterhouseCoopers LLP, Chartered Accountants as auditors of the Company for the ensuing year.

A total of 9,634,684 common shares of the Company were voted at the Meeting, representing 65.07% of the votes attached to all outstanding common shares. A formal report of voting results with respect to all matters voted upon at the Meeting is available on SEDAR at www.sedar.com.

About Fortress Paper

Fortress Paper operates internationally in two distinct business segments: dissolving pulp and security paper products. The Company operates its dissolving pulp business at the Fortress Specialty Cellulose Mill located in Canada, which has expanded into the renewable energy generation sector with the construction of a cogeneration facility. The Company operates its security paper products business at the Landqart Mill located in Switzerland, where it produces banknote, passport, visa and other brand protection and security papers.