Cathay Forest Announces Appointment of Chairman of the Board and Management Changes

Cathay Forest Products Corp. ("Cathay Forest" or the "Company") (TSX
VENTURE:CFZ) announces, effective immediately, the appointment of a Chairman of
the Board of Directors and the following changes to its management team.


Cathay Forest is pleased to announce that Dr. Thomas Chan has been appointed as
the Chairman of the Board of Directors. Dr. Chan has been a Director of the
Company since April, 2011. Dr. Chan is Director, Public Policy Research
Institute and Head of the China Business Centre of the Hong Kong Polytechnic
University. Dr. Chan also serves as advisor to several government organizations
within mainland China and abroad.


Cathay Forest is also pleased to announce that Mr. Charles Kwan has been named
Chief Operating Officer. Mr. Kwan has been the Company's General Manager since
October 2010 and is based in Shanghai, PRC. In addition to its duties as Chief
Operating Officer, Mr. Kwan will continue to be responsible for the day-to-day
management of the Shanghai office and the Company's partners in China, including
overseeing all contractual arrangements in the PRC provinces where the Company
has operations.


The Company also reports that Mr. John Duncanson is stepping down from the
management team. Mr. Duncanson has served as Interim Chief Executive Officer of
Cathay Forest since August 15, 2010 and as its Chief Operating Officer since
June 15, 2010. Mr. Duncanson will remain as a Director of the Company and will
act as a consultant to the Company.


Cathay Forest will consider appointing a permanent Chief Executive Officer at a
later date.


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. 


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.

Cathay Forest Products Corp (TSXV:CFZ)
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