Resolute Announces Proposed Offering of Senior Notes

             Resolute Announces Proposed Offering of Senior Notes

PR Newswire

MONTREAL, April 24, 2013

US $

MONTREAL, April 24, 2013 /PRNewswire/  - Resolute Forest Products Inc.  (NYSE: 
RFP) (TSX: RFP) today  announced that it has  launched a private offering  for 
$600 million aggregate principal  amount of senior notes  due 2023. The  notes 
will be  unsecured and  guaranteed  by substantially  all of  Resolute's  U.S. 
subsidiaries. The net proceeds from the sale of the 2023 notes will be used in
connection with  the  repurchase, repayment  or  other discharge  of  all,  or 
substantially all,  of  the  $501.2 million  outstanding  aggregate  principal 
amount of the Company's 10.25% senior secured notes due 2018. The Company  has 
contemporaneously launched a tender offer for  the 2018 notes, which offer  is 
scheduled to expire at 12:00  midnight, New York City  time, on May 21,  2013, 
unless extended by the Company.

The 2018 notes are being sold to qualified institutional buyers in reliance on
Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"),
and to non-U.S. persons in reliance on Regulation S under the Securities  Act. 
The 2023 notes have not been registered under the Securities Act or any  state 
securities laws. Therefore, the notes may not be offered or sold in the  U.S. 
absent  registration  or  an  applicable  exemption  from  such   registration 

This press release does not constitute an offer to sell or the solicitation of
an offer to buy any security  and shall not constitute an offer,  solicitation 
or sale  of  any  securities  in any  jurisdiction  in  which  such  offering, 
solicitation or sale would be unlawful.

Cautionary Statements Regarding Forward-Looking Information
Statements in  this  press release  that  are not  historical  information  of 
Resolute Forest  Products Inc.  are  "forward-looking statements"  within  the 
meaning of the Private Securities Litigation Reform Act of 1995. They  include 
statements regarding  the offering  of  the senior  notes and  the  subsequent 
repurchase of  the Senior  Secured Notes.  Forward-looking statements  may  be 
identified by  the  use  of  forward-looking terminology  such  as  the  words 
"should," "would," "could," "will," "may," "expect," "believe,"  "anticipate," 
"attempt," "project" and other terms with similar meaning indicating  possible 
future events or potential impact on our business or Resolute's shareholders.

The reader is cautioned not to  place undue reliance on these  forward-looking 
statements, which are not guarantees  of future performance. These  statements 
are based on management's current  assumptions, beliefs and expectations,  all 
of which involve a number of business risks and uncertainties that could cause
the actual  results of  the offering  of the  senior notes  or the  subsequent 
repurchase of  the  Senior  Secured  Notes to  differ  materially  from  those 
expressed or  implied  by  the forward-looking  statements.  These  risks  and 
uncertainties include,  but  are not  limited  to, the  possibility  that  the 
offering will not be consummated, and the failure to satisfy any conditions to
the offering. Other potential risks and uncertainties are set forth under the
heading "Risk Factors" in Exhibit 99.4 to Resolute Current Report on Form  8-K 
filed with the United States Securities  and Exchange Commission on April  24, 

All forward-looking  statements  are  expressly qualified  by  the  cautionary 
statements contained above and  in Resolute's other filings  with the SEC  and 
the  Canadian  securities  regulatory  authorities.  Resolute  disclaims   any 
obligation to  publicly  update  or revise  any  forward-looking  information, 
whether as a result of new information, future events or otherwise, except  as 
required by law.

About Resolute Forest Products
Resolute Forest Products is  a global leader in  the forest products  industry 
with a diverse  range of  products, including  newsprint, commercial  printing 
papers, market pulp and  wood products. The Company  owns or operates over  40 
pulp and paper mills and wood products facilities in the United States, Canada
and South Korea, and power generation assets in Canada. Marketing its products
in close  to 90  countries, Resolute  has third-party  certified 100%  of  its 
managed  woodlands  to  at  least  one  of  three   internationally-recognized 
sustainable forest management standards, including 65% certified to the Forest
Stewardship  Council^®  (FSC^®)  standards.  The  shares  of  Resolute  Forest 
Products trade under the stock symbol RFP on both the New York Stock  Exchange 
and the Toronto Stock Exchange.

Resolute and  other member  companies of  the Forest  Products Association  of 
Canada, as well as  a number of environmental  organizations, are partners  in 
the Canadian Boreal Forest Agreement. The group works to identify solutions to
conservation issues that meet the goal of balancing equally the three  pillars 
of sustainability  linked  to  human activities:  environmental,  social  and 
economic. Resolute  is also  a member  of the  World Wildlife  Fund's  Climate 
Savers program, in which businesses establish ambitious targets to voluntarily
reduce greenhouse gas emissions and work aggressively toward achieving them.

SOURCE Resolute Forest Products Inc.


Rémi G. Lalonde
Vice President, Investor Relations
514 394-2345

Media and Others
Seth Kursman
Vice President, Corporate Communications, Sustainability and Government
514 394-2398
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