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Resolute Announces Completion of Exchange Offer for 5.875% Senior Notes due 2023

Friday 30. May 2014 - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) announced today that its offer to exchange its unregistered 5.875% Senior Notes due 2023 (the "Outstanding Notes") for notes that have been registered with the U.S. Securities and Exchange Commission expired at 12:01 a.m., New York City time, on May 27, 2014.

Holders representing 100% of the Outstanding Notes, including those subject to guaranteed delivery, validly tendered in the exchange offer. As a result, Resolute will issue an aggregate of $600 million principal amount of 5.875% Senior Notes due 2023 (the “Exchange Notes”) to tendering noteholders. The exchange offer was required under the registration rights agreement Resolute entered into in connection with the initial sale of the Outstanding Notes.
This press release is not an offer to buy or sell, or the solicitation of an offer to buy or sell, any of the securities described herein, nor shall there be any offer, solicitation or sale of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. A registration statement on Form S-4 relating to the exchange offer was declared effective by the Securities and Exchange Commission on April 24, 2014. The exchange offer was made only pursuant to the exchange offer documents that were distributed to holders of the Outstanding Notes, including the prospectus dated April 28, 2014, and the related letter of transmittal.