FIRST BARGE OF LOGGING WASTE CHIPS SUCCESSFULLY LOADED IN NEW FIRST NATIONS PARTNERSHIP

[Richmond, BC] – Paper Excellence is pleased to announce the first barge has been successfully loaded with chips produced by Atli Chip Limited Partnership which is a new First Nations partnership for the Company (see photo above).

The Atli Chip Limited Partnership, situated in Beaver Cove, is majority owned by Atli Resources LP with minority stakes owned by Paper Excellence and Wahkash Contracting Ltd. Atli Resources LP is the forestry arm of the ‘Namgis First Nation. Wahkash Contracting Ltd. is a stump-to-dump logging contractor specializing in remote logging in coastal BC.

“As part of this partnership, Paper Excellence also entered into a chipping services agreement to receive all the chip and hog production from the facility,” said Paper Excellence’s Chief Forester, Quinton Hayward, RPF. “This first barge of chips will be consumed by one of our four coastal mills located in Powell River, Port Mellon, Crofton and Port Alberni. It is an exciting milestone in this partnership.”

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