Catalyst Paper Cuts Loss Despite Weak Markets

Catalyst listed new shares on the Toronto Stock Exchange on January 7, 2013 under the symbol CYT. A small shareholder selling program began on that date and ended on February 28.

Net income in the quarter was boosted by the completion of two asset sales. The court-approved sale of Snowflake mill assets and shares of the Apache Railway closed on January 30 for US$13.5 million and other non-monetary consideration. Sale of Catalyst's 50 percent interest in Powell River Energy (PREI) completed on March 20 for $33.0 million. Catalyst continues to purchase electricity generated by PREI.