News Releases

    • AbitibiBowater Completes Sale of Snowflake Mill
          ABH (TSX, NYSE)
          $ US
          MONTREAL, April 10 /CNW Telbec/ - AbitibiBowater today announced that it
      has completed the sale of its Snowflake, Arizona, assets for a purchase price
      of $161 million to a subsidiary of Catalyst Paper Corporation (TSX: CTL). The
      facility has an annual production capacity of approximately 375,000 tonnes of
          This sale was approved by the U.S. Department of Justice in order to
      comply with the requirements set for approval of the
      Abitibi-Consolidated/Bowater combination. AbitibiBowater plans to use the
      proceeds from this sale for general corporate purposes.
          AbitibiBowater produces a wide range of newsprint, commercial printing
      papers, market pulp and wood products. It is the eighth largest publicly
      traded pulp and paper manufacturer in the world. Following the required
      divestiture agreed to with the U.S. Department of Justice, AbitibiBowater will
      own or operate 27 pulp and paper facilities and 35 wood products facilities
      located in the United States, Canada, the United Kingdom and South Korea.
      Marketing its products in more than 90 countries, AbitibiBowater is also among
      the world's largest recyclers of newspapers and magazines, and has more
      third-party certified sustainable forest land than any other company in the
      world. AbitibiBowater's shares trade under the stock symbol ABH on both the
      New York Stock Exchange and the Toronto Stock Exchange.
          Forward-Looking Statements
          Statements in this news release that are not reported financial results
      or other historical information are "forward-looking statements" within the
      meaning of the Private Securities Litigation Reform Act of 1995. They include,
      for example, statements about our planned use of proceeds from the sale of the
      Snowflake mill. Forward-looking statements may be identified by the use of
      forward-looking terminology such as the words "plans", "will", "could",
      "expect", "believe", "anticipate", and other terms with similar meaning
      indicating possible future events or actions or potential impact on the
      business or stockholders of AbitibiBowater. These forward-looking statements
      are not guarantees of future performance. They are based on management's
      assumptions, beliefs and expectations, all of which involve a number of
      business risks and uncertainties that could cause actual results to differ
      materially. Factors that could cause actual results to differ materially from
      our expectations are listed from time to time in AbitibiBowater's filings with
      the Securities and Exchange Commission and the Canadian securities regulatory
      authorities, including those factors contained in the Company's Annual Report
      on Form 10-K for the year-ended December 31, 2007, and the Company's
      registration statement on Form S-3 filed on October 29, 2007, under the
      caption "Risk Factors". All forward-looking statements in this news release
      are expressly qualified by information contained in the Company's filings with
      the Securities and Exchange Commission and the Canadian securities regulatory
      authorities. AbitibiBowater disclaims any obligation to update or revise these
      forward-looking statements.
      For further information:
      For further information: For Investors: Duane Owens, Vice President and
      Treasurer, (864) 282-9488; For Media: Seth Kursman, Vice President,
      Communications and Government Affairs, (514) 394-2398,