Algoma Central Corporation



    ALC-T

    TORONTO, Dec. 18 /CNW/ - Algoma Central Corporation announces that the
Ontario Securities Commission (OSC) has recently undertaken a continuous
disclosure review of the Corporation's 2006 year-end statutory filings and has
found the Corporation's disclosure with respect to risk factors in its Annual
Information Form (AIF) and Management Discussion & Analysis (MD&A) to be
deficient.
    The Corporation has agreed to enhance its disclosure related to risk
factors in the 2007 AIF and MD&A. The filings are to be completed on March 3,
2008.
    There is no impact on the Corporation's financial results as filed.





For further information:

For further information: Greg D. Wight, Executive Vice President and
Chief, Financial Officer, (905) 687-7850

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Algoma Central Corporation

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