Catalyst Paper elects early redemption of Notes due 2011

RICHMOND, BC, Jan. 11 /CNW/ - Catalyst Paper Corporation (TSX:CTL) today announced that it has elected to redeem on February 11, 2011 all its outstanding 8 5/8% Senior Notes due June 15, 2011, in an aggregate principal amount of U.S.$26,027,000, at a redemption price of 100% of the face value of these Senior Notes.

For further information:

Brian Baarda
Vice President, Finance & CFO
(604) 247-4710

Peter Staiger
Vice President & Treasurer
(604) 247-4372

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Catalyst Paper Corporation

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