Resolute Forest Products

ABH (NYSE, TSX)

MONTREAL, Feb. 23 /CNW Telbec/ - (NYSE: ABH) (TSX: ABH) - AbitibiBowater Inc. Senior Vice President and Chief Financial Officer William Harvey will speak at the 2011 J.P. Morgan Global High Yield and Leveraged Finance Conference in Miami, Florida on Monday, February 28, 2011, at 8:20 a.m. Eastern.

A copy of the presentation will be available on the Company's website. Interested parties are invited to use the link provided under "Presentations and Webcasts" on the Investors page of www.abitibibowater.com.

AbitibiBowater is a global leader in the forest products industry, producing a diverse range of products, including newsprint, commercial printing papers, market pulp and wood products. The Company owns or operates 18 pulp and paper mills and 24 wood products facilities located in the United States, Canada and South Korea. Marketing its products in more than 70 countries, AbitibiBowater is also among the largest recyclers of old newspapers and magazines in North America, and has third-party certified 100% of its managed woodlands to sustainable forest management standards. AbitibiBowater's shares trade under the stock symbol ABH on both the New York Stock Exchange and the Toronto Stock Exchange.

CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION

Statements in the presentation referred to above that are not reported financial results or other historical information of AbitibiBowater are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. They include, for example, statements relating to our: restructuring efforts and the reorganization process in connection with our creditor protection proceedings pursuant to chapter 11 of the U.S. Bankruptcy Code and the Companies' Creditors Arrangement Act (Canada), as applicable; efforts to continue to reduce costs and increase revenues and profitability, including our cost-reduction initiatives regarding selling, general and administrative expenses; business outlook; assessment of market conditions; results of operations and financial condition, liquidity, prospects, growth, strategies and the industry in which we operate; and strategies for achieving our goals generally. 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" and other terms with similar meaning indicating possible future events or potential impact on our business or AbitibiBowater'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 actual results to differ materially. The potential risks and uncertainties that could cause our actual financial condition, results of operations and future performance to differ materially from those expressed or implied in the presentation referred to above include: industry conditions generally; growth in alternative media that would reduce the demand for print media and our products; the ability of our customers to afford to pay for our products; general economic and market conditions, including the new residential construction market in the U.S.; our capital-intensive operations and the adequacy of our capital resources; our ability to obtain permits to operate our facilities and continue to remain in compliance with environmental laws and regulations; strikes and other labor-related supply chain disruptions that may impact our ability to operate our facilities; fluctuations in foreign currency exchange rates, especially those relative to the U.S. dollar and the Canadian dollar; our significant degree of leverage and concerns about our financial viability; the prices and terms under which we would be able to sell assets; lack of comparable financial data due to the restructuring of our business or the adoption of "fresh start" accounting; the success of our implementation of additional measures to enhance our operating efficiency and productivity; the costs of raw materials such as energy, chemicals and fiber; the post-emergence impact of the bankruptcy proceedings on our operations, including the impact on our ability to negotiate favorable terms with suppliers, customers, counterparties and others; and the risk factors set forth in our quarterly report on Form 10-Q for the quarter ended September 30, 2010, filed with the Securities and Exchange Commission on November 15, 2010.

All forward-looking statements in the presentation referred to above are expressly qualified by the cautionary statements contained or referred to in this section and in our other filings with the SEC and the Canadian securities regulatory authorities. We disclaim any obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise.