Catalyst Paper Corporation withdraws proposed private placement of senior notes



    VANCOUVER, June 26 /CNW/ - Catalyst Paper Corporation today announced
that due to adverse capital market conditions it has decided to withdraw its
proposed private placement of US$200 million in aggregate principal amount of
senior notes.

    Catalyst is a leading producer of mechanical printing papers in North
America, headquartered in Vancouver, British Columbia. The company also
produces market kraft pulp and owns Western Canada's largest paper recycling
facility. With five mills at sites within a 160-kilometre radius on the south
coast of BC, Catalyst has a combined annual capacity of 2.4 million tonnes of
product. Catalyst's common shares trade on the Toronto Stock Exchange under
the symbol CTL.

    %SEDAR: 00000638E




For further information:

For further information: Lyn Brown, Vice-President, Corporate Relations,
(604) 654-4212

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Catalyst Paper Corporation

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