An anonymous director reports

FORTRESS PAPER TO RELEASE FOURTH QUARTER 2016 EARNINGS

Fortress Paper Ltd. intends to release its fourth quarter financial results for the period ended Dec. 31, 2016, after the close of the market on March 20, 2017. In connection with the release of its results, Fortress Paper will host a conference call on March 21, 2017, at 9 a.m. PDT, to discuss the financial results and provide an update on the corporation's operations.

To participate in the conference call, please dial one of the numbers below.

Dial-in numbers:

Vancouver:  604-681-8564

Calgary or international:  403-532-5601

Edmonton:  780-429-5820

Toronto:  416-623-0333

Ottawa:  613-212-0171

Montreal:  514-687-4017

Toll-free dial-in number:  1-855-353-9183 from Canada and the United States

Participant passcode:  15086 followed by the number sign

Conference reference No.:  1212986 followed by the number sign

A replay of the conference call will be available until midnight, April 20, 2017. To access the replay, listeners may dial 1-855-201-2300 from Canada or the United States or dial 403-255-0697 from local Calgary or international. The conference reference number is 1212986 followed by the number sign, and the participant passcode to access the replay is 15086 followed by the number sign.

About Fortress Paper Ltd.

Fortress Paper operates internationally in two distinct business segments: dissolving pulp and security paper products. The company operates its dissolving pulp business at the Fortress specialty cellulose mill, located in Canada, which has expanded into the renewable energy generation sector with the construction of a cogeneration facility. The company operates its security paper products business at the Landqart mill, located in Switzerland, where it produces banknote, passport, visa, and other brand protection and security papers.