ISS and Glass Lewis Recommend That Canexus Shareholders Vote FOR the Arrangement

CALGARY, AB--(Marketwired - November 30, 2015) - Canexus Corporation (TSX: CUS) (the "Corporation" or "Canexus") is pleased to announce that Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co. LLC ("Glass Lewis") have both recommended that shareholders of Canexus vote FOR the resolution approving the plan of arrangement whereby Superior Plus Corp. will acquire all of the issued and outstanding common shares of Canexus on the basis of 0.153 of a common share of Superior for each Canexus share (the "Arrangement"), pursuant to an arrangement agreement between Canexus and Superior dated October 5, 2015. ISS and Glass Lewis are two leading independent governance analysis and proxy advisory firms that provide voting recommendations to institutional investors. Their recommendation to vote for the proposal highlights the strategic rationale for both companies.

Additional information in relation to the Arrangement can be found in the management information circular dated November 12, 2015 (the "Circular") and related proxy materials of Canexus that were recently mailed to shareholders. An electronic copy of the Circular is available on Canexus' website at http://canexus.ca/investors/reports-filings. The documentation is also available under the company's profile on SEDAR at www.sedar.com.

Shareholders are reminded to vote their proxy prior to the proxy voting deadline of Wednesday, December 9, 2015 at 9:00 a.m. MDT.

Canexus shareholders as of the record date of November 10, 2015 were mailed proxy voting materials in advance of the Meeting (as defined herein) to vote by proxy or in person at a Special Meeting of Canexus shareholders (the "Meeting") to be held December 11, 2015 at 9:00 a.m. (MDT) at the Sun Life Plaza Conference Centre in Calgary, Alberta (140-4^th Ave SW, +15 Level).

The Board of Directors UNANIMOUSLY recommends that Shareholders vote FOR the Arrangement.

Due to the approach of the voting deadline, shareholders are urged to vote today using one of the alternatives below.

Registered Shareholders

Shareholders who have physical certificates representing Canexus shares may vote by telephone or via the Internet. To vote by telephone call 1-866-732-8683 from a touch tone phone. When prompted, enter your Control Number listed on the proxy and follow the voting instructions. To vote via the internet, go to www.investorvote.com and enter your Control Number listed on the proxy and follow the voting instructions on the screen. If you vote by telephone or via the Internet, do not complete or return the form of proxy.

Beneficial Shareholders

Shareholders who hold their shares through a broker or other intermediary may vote via the internet at www.proxyvote.com or follow the other instructions found on their voting instruction form.

Shareholder Questions

Canexus has engaged Laurel Hill Advisory Group as its proxy solicitor in connection with the

Arrangement and asks that you contact Laurel Hill if you have any questions or require assistance with voting. Laurel Hill can be reached by email at assistance@laurelhill.com or by telephone at 1-877-452-7184 (416-304-0211 collect).

About Canexus

Canexus produces sodium chlorate and chlor-alkali products largely for the pulp and paper and water treatment industries. Our four plants in Canada and two at one site in Brazil are reliable, low-cost, strategically located facilities that capitalize on competitive electricity costs and transportation infrastructure to minimize production and delivery costs. Canexus targets opportunities to maximize shareholder returns and delivers high-quality products to its customers and is committed to Responsible Care® through safe operating practices. Canexus common shares (CUS) and debentures (Series III - CUS.DB.A; Series IV - CUS.DB.B; Series V - CUS.DB.C; Series VI - CUS.DB.D) trade on the Toronto Stock Exchange. More information about Canexus is available at www.canexus.ca.

Forward Looking Statements

This news release contains forward-looking statements and information relating to expected future events and financial and operating results of the Corporation and its subsidiaries, including with respect to: expectations regarding the timing and conduct of the Meeting. The use of the words "expects", "anticipates", "continue", "estimates", "projects", "should", "believe", "plans", "intends", "may", "will" or similar expressions are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements for a variety of reasons, including market and general economic conditions, future costs, treatment under governmental regulatory, tax and environmental regimes and the other risks and uncertainties detailed under "Risk Factors" in the Corporation's Annual Information Form filed on the Corporation's SEDAR profile at www.sedar.com. Management believes the expectations reflected in these forward-looking statements are currently reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Due to the potential impact of these factors, the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. Any financial outlook information contained in this news release about prospective results of operations, financial position or cash flows is based on assumptions about future events, including economic conditions and proposed courses of action, based on Management's assessment of the relevant information currently available. Readers are cautioned that such financial outlook information contained in this news release should not be used for purposes other than those for which it is disclosed herein.