VANCOUVER (News release) - Fortress Global Enterprises Inc. is pleased to announce that it has been granted a multi-year moratorium on upcoming principal and interest payments by Investissement Québec ("IQ") under IQ's outstanding loan (the "IQ Loan").

Giovanni Iadeluca , Chief Executive Officer of Fortress, commented: "This multi-year deferral is a first step in strengthening our balance sheet and is a key component of our vision to create a long-term financing structure that will support the Company's growth. The moratorium will contribute to production initiatives currently underway at the Fortress Specialty Cellulose mill, increase the working capital available to the mill, and provide Fortress with greater financial flexibility. We are grateful to IQ for its continued support. IQ's willingness to agree to a further deferral and subordination of its security is reflective of our positive ongoing partnership with IQ and enables us to explore and evaluate new financing opportunities. We expect to provide updates on these opportunities as they become available."