Horizon North Logistics Inc. Announces Increased Quarterly Dividend

TSX Symbol: HNL

CALGARY, Feb. 22, 2012 /CNW/ - Horizon North Logistic Inc. announced today that its Board of Directors has declared a dividend for the first quarter of 2012 at $0.05 per share.  The dividend is payable to shareholders of record at the close of business on March 31, 2012 to be paid on April 13, 2012.  The dividends are eligible dividends for Canadian tax purposes.

SOURCE Horizon North Logistics Inc.

For further information:

Additional information related to the Corporation, including the Corporation's annual information form, press releases, financial statements, and MD&A are available on SEDAR at www.sedar.com.

For further information, please contact Bob German, President and Chief Executive Officer or Scott Matson, Vice President Finance and Chief Financial Officer, 1600, 505 - 3rd Street S.W., Calgary, Alberta T2P 3E6; Telephone: (403) 517 - 4654; Fax: (403)  517 - 4678; Website: www.horizonnorth.ca

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