FIBREK INC 
By TSX: FBK
fibrek.com
SUPREME COURT OF CANADA REFUSES LEAVE TO APPEALMONTREAL, April 18, 2012 - Fibrek Inc. ("Fibrek" or the "Company") announced today that the Supreme Court of Canada has refused Fibrek's request for leave to appeal the Québec Court of Appeal's decision to maintain the cease trade order of the proposed private placement (the "Private Placement") of
32,320,000 special warrants to purchase common shares of Fibrek to Mercer International Inc. ("Mercer"). As a result, the Private Placement will not occur.
For more information on how to tender Fibrek common shares, for any other inquiries regarding the Mercer offer or on how to withdraw shares tendered to the Abitibi bid, please contact Fibrek's information agent, Phoenix Advisory Partners, at 1-800-398-1129 (North American Toll Free) or via email at inquiries@phoenixadvisorypartners.com.
About Fibrek
Fibrek (TSX: FBK) is a leading producer and marketer of high-quality virgin and recycled kraft pulp. The company operates three mills located in Saint-Félicien, Québec, Fairmont, West Virginia, and in Menominee, Michigan with a combined annual production capacity of 760,000 tonnes. Fibrek has approximately 500 employees. The Saint-Félicien mill provides northern bleached softwood kraft pulp (product known as NBSK pulp) to various sectors of the paper industry mainly in Canada, the United States and Europe, for use in the production of specialized products. The Fairmont and Menominee mills manufacture air-dried recycled bleached kraft pulp (product known as RBK pulp) and primarily supply manufacturers of fine uncoated paper, tissue paper for commercial and industrial uses, and coated paper in the United States.
Forward-Looking Statements
This press release contains "forward-looking
statements" within the meaning of applicable securities
laws. These statements can be identified by expressions of
belief, expectation or intention, as well as those statements
that are not historical facts and include statements
concerning Fibrek's future outlook, business strategy,
plans, expectations, results or actions, or the assumptions
underlying any of the foregoing. Forward-looking statements
can generally be identified by words such as "may",
"should", "would", "could",
"will", "intend", "plan",
"anticipate", "believe",
"estimate", "expect", "outlook"
and similar expressions. These statements are based on
information currently available to Fibrek's management
and on the current assumptions, intentions, plans,
expectations and estimates of Management regarding
Fibrek's future growth, results of operations,
performance, business prospects and opportunities and ability
to attract and retain customers as well as the economic
environment in which it operates. Forward- looking statements
are subject to known and unknown risks, uncertainties and
other factors which could cause actual results of Fibrek to
differ materially from the conclusion, forecast or projection
stated in such forward-looking statements. These risks,
uncertainties and other factors include, but are not limited
to: actions taken by Abitibi or Mercer, actions taken by
shareholders of Fibrek in respect of Abitibi's
unsolicited offer and the Mercer Offer, the possible effect
of Abitibi's unsolicited offer and the Mercer Offer on
Fibrek's business, the award of a power purchase
agreement to Fibrek under the new Québec Government
cogeneration program, general economic conditions, pulp
prices and sales volume, exchange rate fluctuations, cost and
supply of wood fibre, wastepaper and other raw materials,
pension
contributions, competitive markets, dependence upon key
customers, increased production capacity, equipment failure,
disruptions of production, capital requirements and other
factors referenced in Fibrek's continuous disclosure
filings which are available on SEDAR at www.sedar.com. The
completion of the Mercer Offer is subject to a number of
terms and conditions. The conditions to the Mercer Offer may
not be satisfied in accordance with their terms, and/or
Mercer may exercise its termination rights under the support
agreement, in which case the Mercer Offer could be
terminated. Failure to complete the Mercer Offer could have a
material adverse impact on the market price of Fibrek's
shares. Readers should not place undue reliance on these
forward-looking statements. These forward-looking statements
are made as of the date of this press release and, except as
required by applicable securities laws, Fibrek assumes no
obligation to update or revise them to reflect new events or
circumstances.
Investor Relations: Patsie Ducharme 514 871-0550
Vice President and Chief Financial Officer
Media Relations: Lyla Radmanovich 514 843-2336
NATIONAL Public Relations
Dany Paradis 514 871-0550
Vice President, Change Management and Supply Chain
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