VANCOUVER, B.C. (News release) -- Fortress Global Enterprises Inc. announced that its wholly-owned subsidiary, Fortress Xylitol Inc., has entered into a definitive contribution agreement with Natural Resources Canada ("NRCan") whereby NRCan has committed $10 million in contribution funding to support the planned construction of a xylitol and complementary bioproducts demonstration plant at Fortress' dissolving pulp mill in Thurso, Québec. This funding from NRCan is in addition to the anticipated federal and provincial investments, grants, and loans of up to $17.4 million previously announced by Fortress on July 11, 2018 that remain subject to completion of definitive documentation.

"The Demonstration Plant project builds on the acquisition of S2G Biochemicals Inc. and the Company's hemicellulose project at the Thurso mill," stated Giovanni Iadeluca, President and CEO of Fortress. "We are very grateful for NRCan's support of this important project which could have a transformative impact on the optimization of wood resource utilization."