Cathay Forest Receives Notice of Delisting from the TSX Venture Exchange

Cathay Forest Products Corp. ("Cathay Forest")(TSX VENTURE:CFZ) today announces
that it has received notice from the Compliance & Disclosure department of the
TSX Venture Exchange indicating that, effective at close of market on February
1, 2012, the common shares of Cathay Forest will be de-listed unless: (i) the
outstanding cease trade orders issued against Cathy Forest have been revoked;
and (ii) all outstanding financial statements, management's discussions and
analysis and related documents have been filed with the appropriate regulatory
authorities.


There can be no assurance that Cathay Forest will be able to achieve compliance
within the required time frame. Nevertheless Cathay Forest is committed to
diligently work closely with the regulatory authorities, the TSX Venture
Exchange and its professional advisors to not only address the delisting
deadline above, but to address all outstanding TSX Venture Exchange requirements
in order to restore trading prior to February 1, 2012. Cathay Forest's board of
directors and management are also in the process of evaluating the options
available to Cathay Forest, including requesting that the decision of the TSX
Venture Exchange be reviewed or appealed as well as alternative listing options.


About Cathay Forest Products

Cathay Forest is a forest products company that manages approximately 1,000,000
hectares of standing timber properties and fast-growth, high-yield poplar
plantations in China and Russia. Cathay Forest is building a world-class forest
products company through a customer base that includes the domestic Chinese pulp
and paper industry and other wood products customers in the Japanese market.


Forward-Looking Statements 

All statements, other than statements of historical fact, in this news release
are forward-looking statements that involve various risks and uncertainties,
including, without limitation, statements regarding the future plans and
objectives of Cathay Forest. Actual results and future events could differ
materially from those anticipated in such statements. Except as required under
applicable securities laws, Cathay Forest assumes no obligation to update
forward-looking statements should circumstances or management's estimates or
opinions change.