SFK Pulp Fund announces a cash distribution of $0.01 per unit

    LONGUEUIL, Dec. 18 /CNW Telbec/ - SFK Pulp Fund (TSX: SFK.UN) announced
today that it has declared a cash distribution of $0.01 per unit, payable on
January 15, 2008 to unitholders of record at the close of business on
December 31, 2007.
    "We are pleased to report that with the successful completion of our semi
annual outage for maintenance in early October and the repair of our main
turbo generator in late November, the Saint-Félicien mill is now back to
normal operation. As for the Fairmont and Menominee mills, their operations
continue to be excellent, with high production levels. As for pulp prices,
they are improving on all markets for both NBSK and RBK, with particularly
strong demand and low inventory for RBK pulp. However, despite good market
conditions, our business environment and the Canadian dollar remain very
volatile. Therefore, before considering an increase in monthly cash
distributions, the Board of directors decided to remain prudent by first
replenishing the cash reserve established in accordance with its distribution
policy. Accordingly, the distribution level was maintained at $0.01 per unit",
said André Bernier, President and Chief Executive Officer of SFK Pulp.

    SFK Pulp operates, through its subsidiaries, the Saint-Félicien Mill, the
Fairmont Mill and the Menominee Mill (with a total annual production capacity
of 735,000 metric tonnes) and employs approximately 550 people. The
Saint-Félicien Mill (located in Saint-Félicien, Québec, approximately 450
kilometres north of Montréal) has an annual production capacity of 375,000
metric tonnes of NBSK pulp and supplies NBSK pulp to various sectors of the
paper industry in Canada, the United States and in Europe for use in
speciality products. The Fairmont Mill (located in Fairmont, West Virginia)
and the Menominee Mill (located in Menominee, Michigan), with a combined
annual production capacity of 360,000 metric tonnes, both manufacture
air-dried market recycled bleached kraft (RBK) pulp and primarily supply RBK
pulp to manufacturers of uncoated freesheet, commercial and away-from-home
tissue and coated paper in the United States.
    %SEDAR: 00018041EF

For further information:

For further information: Investors and Analysts: Mr. Paul Bourque, Chief
Financial Officer, (450) 677-7857 ext. 2224; Media and Others: Mr. Mathieu
Claise, Optimum Public Relations, (418) 521-3770

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