N e w s R e l e a s e For Immediate Release

TSX: FBK

fibrek.com

FIBREK TO APPEAL DECISION CEASE TRADING PRIVATE PLACEMENT OF SPECIAL WARRANTS

MERCER SUPERIOR OFFER AT $1.30 STANDS

MONTREAL, February 24, 2012 - Fibrek Inc. ("Fibrek" or the "Corporation") announced today that the Bureau de décision et de révision (Québec) (the "BDR"), the administrative tribunal with statutory jurisdiction in securities law and regulatory matters in the Province of Québec, has dismissed
AbitibiBowater Inc.