Fortress Paper to Release Fourth Quarter 2012 Earnings

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 21, 2013) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Fortress Paper Ltd. (TSX:FTP) ("Fortress Paper" or the "Corporation") announced today that it intends to release its fourth quarter financial results for the period ended December 31, 2012 after the close of the market on Monday, March 11, 2013. In connection with the release of its results, Fortress Paper will host a conference call Tuesday, March 12, 2013 at 9 a.m. (PDT) to discuss the financial results and the Corporation's operations. Mr. Chadwick Wasilenkoff, President & Chief Executive Officer, Mr. Kurt Loewen, Chief Financial Officer, Mr. Yvon Pelletier, President of Fortress Specialty Cellulose Inc., Mr. Andre Boucher, Chief Operating Officer of Fortress Specialty Cellulose Inc. and Dr. Alfonso Ciotola, Chief Executive Officer of Landqart will host the call.

To participate in the conference call, please dial one of the following numbers:

A replay of the conference call will be available until midnight, June 12, 2013. To access the replay, listeners may dial 1-855-201-2300 from Canada or the USA or dial 403-255-0697 from local Calgary or International. The conference reference number is 953348# and the participant pass code to access the replay is 15086 #.

About Fortress Paper

Fortress Paper operates internationally in three distinct business segments: dissolving pulp, specialty papers and security paper products. The Company operates its dissolving pulp business at the Fortress Specialty Cellulose Mill located in Canada, which is also in the process of expanding into the renewable energy generation sector with the construction of a cogeneration facility. The Company is also seeking to expand its dissolving pulp capacity with the recent acquisition of the Fortress Global Cellulose Mill located at Lebel-sur-Quévillon, Québec, which the Company intends to convert into a dissolving pulp mill and where the Company intends to re-start the cogeneration facility.

The Company operates its specialty papers business at the Dresden Mill located in Germany, where it is a leading international producer of specialty non-woven wallpaper base products. 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, and at its Fortress Optical Facility located in Canada, where it manufacturers optically variable thin film material.