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

    LONGUEUIL, QC, July 22 /CNW Telbec/ - SFK Pulp Fund (TSX: SFK.UN)
announced today that it has declared a cash distribution of $0.01 per unit,
payable on August 15, 2008 to unitholders of record at the close of business
on July 31, 2008.

    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. Pierre Gabriel
Côté, President and Chief Executive Officer, (450) 677-7857 ext. 2229; Media
and Others: Mr. Mathieu Claise, Optimum Public Relations, (418) 521-3770

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