Catalyst Paper Cuts Loss Despite Weak Markets

RICHMOND, BC—May 6, 2013—Catalyst Paper posted a net loss of $9.8 million ($0.89 per common share) in the first quarter of 2013. The loss was $11.6 million before specific items. Improvement over the final quarter of 2012—when the company recorded a loss of $35.2 million ($1.55 per common share) and $15.7 million before specific items—was driven by increased prices for pulp, and lower maintenance costs.