Mr. Daniel Koshowski reports

FP NEWSPAPERS INC. ANNOUNCES MONTHLY DIVIDEND-SEPTEMBER 2014

FP Newspapers Inc. has declared a cash dividend of five cents per share, payable on Oct. 31, 2014, to shareholders of record at the close of business on Sept. 30, 2014. As previously announced, going forward, the dividend frequency has been changed from monthly to quarterly and the fourth quarter dividend will be declared on or before Dec. 12, 2014, and payable at the end of January, 2015.

All dividends paid by the company in 2014, and subsequent years, unless stated otherwise, are designated to be eligible dividends pursuant to Subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to eligible dividends. Holders of shares who are non-residents of Canada will be required to pay all withholding taxes payable in respect of the dividend.