Lone Pine Resources Inc Announces Completion of Spin-Off From Forest Oil Corporation

Lone Pine Resources Inc announced that Forest Oil Corporation (Forest) has completed its previously announced distribution of 70,000,000 shares of common stock of Lone Pine owned by Forest, representing approximately 82% of the outstanding shares of Lone Pine common stock (Distribution). Upon the completion of the Distribution, Lone Pine became a stand-alone public company, and the previously announced resignation of H. Craig Clark as a director of Lone Pine and the election of Messrs. Rob Wonnacott and Donald McKenzie as directors of Lone Pine became effective.