Fraser Papers Inc.

Fraser Papers Inc.

February 13, 2009 17:05 ET

Fraser Papers Announces Temporary Shutdown of Thurso Pulp Mill

TORONTO, ONTARIO--(Marketwire - Feb. 13, 2009) - Fraser Papers Inc. ("Fraser Papers") (TSX:FPS) announced today that it will take market-related downtime at its 250,000 tonne per year hardwood kraft pulp mill in Thurso, Quebec. The shutdown will allow the mill to balance its pulp inventory with customer order requirements. Fraser Papers plans to close the mill March 2, 2009 and will serve its customers from existing inventories during the entire period of the shutdown. The mill shutdown is expected to last up to eight weeks, but may be extended depending on market conditions and customer demand.

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

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 Thurso pulp mill. The words "plans," "will", "may", "expected", "depending" 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; supply, demand and prices of Northern Bleached Hardwood Kraft Pulp; foreign exchange rates; 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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