Fraser Papers Inc.
TSX : FPS

Fraser Papers Inc.

February 16, 2009 11:00 ET

Fraser Papers Announces Temporary Shutdown of Edmundston Pulp Mill

TORONTO, ONTARIO--(Marketwire - Feb. 16, 2009) - Fraser Papers Inc. ("Fraser Papers" or the "Company") (TSX:FPS) announced today that it will take two weeks of market-related downtime at its pulp mill operations in Edmundston, New Brunswick, effective February 23, 2009. The Edmundston pulp mill produces sulphite and groundwood pulp for the Company's integrated paper mill in Madawaska, Maine, where the Company continues to rotate downtime across its six specialty paper machines in order to match customer orders with production. The Company's ability to meet customer requirements is unaffected by this announcement. The Edmundston biomass cogeneration facility will operate through this period providing steam to the paper mill and electrical power to the New Brunswick grid.

Fraser Papers is an integrated specialty paper company that 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 the shutdown and restart of the Company's Edmundston pulp mill. The words "will", "continue" 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 Fraser Papers 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 temporary shutdown, to differ materially from those set forth in the forward-looking statements include general economic conditions, demand for products produced at the Company's East Papers operations, unforeseen production issues and other risks detailed from time to time in the documents filed by Fraser Papers with the securities regulators in Canada. Fraser Papers 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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