CFZ Cathay Forest Products Corp

Cathay Forest Products Corp. (TSX VENTURE: CFZ) ("Cathay Forest" or the "Company") announces that Mr. Raymond Lo has resigned effective March 31, 2011 from the board of directors of the Company. The directors and management of Cathay Forest would like to thank Mr. Lo for his contribution to Cathay Forest and wishes him the best in his future endeavours.

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Cathay Forest Products Corp. Luc Perron, CA Chief Financial Officer (416) 226-7269 luc.perron@cathayforest.com Cathay Forest Products Corp. John Duncanson, RPF Interim Chief Executive Officer & Chief Operating Officer (416) 531-3680 john.duncanson@cathayforest.com