Fraser Papers Inc.
TSX : FPS

Fraser Papers Inc.

March 04, 2008 14:00 ET

Fraser Papers Announces Senior Management Appointments

TORONTO, ONTARIO--(Marketwire - March 4, 2008) - Fraser Papers Inc. ("Fraser Papers" or the "Company") (TSX:FPS) announced today the following organizational changes:

Bill Manzer, currently Senior Vice President, Pulp and Paper Operations, will assume the position of Senior Vice President, Business Strategy and Projects. Bill will take over senior operating responsibility for the Company's sawmill operations and will be responsible for the development and implementation of strategies to ensure an economic fibre supply for the Company's Edmundston pulp mill. He will also lead existing initiatives to optimize the Company's energy platforms at all operations and will provide critical leadership to the planning and execution of annual and major maintenance outages and other major capital projects. From a longer term strategic perspective, he will also identify and develop opportunities for corporate growth.

Jeff Dutton, currently General Manager of the Company's East Papers operations, will assume the role of Senior Vice President, Operations and Chief Operating Officer. Jeff will have senior responsibility for the Company's pulp and paper operations. In the interim, Jeff will continue to manage the Company's East Papers operations until a replacement is announced.

Matt Nightingale will assume the role of Vice President, Marketing, of Fraser Papers Limited, the Company's largest operating subsidiary. Matt, who was previously Director of Marketing, will continue to lead the Company's marketing and product development initiatives.

"We are fortunate to have a significant depth and breadth of experience within the organization," said Peter Gordon, President and Chief Executive Officer of Fraser Papers. "This realignment of responsibilities within our senior management team will ensure our continued and expedited progress on our business plans".

Fraser Papers is an integrated specialty paper company which produces a broad range of specialty packaging and printing papers. The company has operations in New Brunswick, Maine, New Hampshire and Quebec. Fraser Papers is listed on the Toronto Stock Exchange under the symbol: FPS. For more information, visit the Fraser Papers web site at www.fraserpapers.com.

Note: This press release contains forward-looking information and forward-looking statements within the meaning of Canadian provincial securities laws. These forward-looking statements include, among others, statements with respect to an economic fibre supply, the Company's energy platform, maintenance outages and capital projects, opportunities for corporate growth and progress on the Company's business plans. The word "will" and other expressions which may be predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. Reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements. Factors that could cause actual results of the fibre supply, energy platform, maintenance outages, capital projects, corporate growth and progress on the Company's business plans to differ materially from those set forth in the forward-looking statements include general economic conditions, foreign exchange rates, demand for and prices of the Company's products, cost of raw materials and energy, success of energy initiatives, unforeseen mechanical challenges and other risks detailed from time to time in the documents filed by the Company with the securities regulators in Canada. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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