Holzer Holzer & Fistel, LLC Announces Investigation into the Proposed Buyout of Cellu Tissue Holdings Inc.

Holzer Holzer & Fistel, LLC is investigating whether the directors of Cellu Tissue Holdings Inc ("Cellu Tissue” or the "Company”) (NYSE: CLU) complied with their fiduciary duties in approving the proposed buyout of the Company by Clearwater Paper Corp. According to the Company’s announcement, Cellu Tissue shareholders will receive $12.00 per share if the deal closes. The investigation seeks to determine, among other things, whether the consideration to be paid to Cellu Tissue shareholders is fair and adequate.

Current holders of Cellu Tissue common stock with questions concerning their legal rights are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel, Jr., Esq. or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.