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Forest Oil Announces Final Distribution Ratio For Special Stock Dividend To Shareholders

Forest plans to send an information statement to its shareholders of record on the Record Date on or about September 20, 2011, which will include details on the distribution. The information statement and answers to frequently asked questions (FAQs) will be available under the Investor Relations tab on Forest’s website at www.forestoil.com and Lone Pine’s website at www.lonepineresources.com.

Trading in Shares of Forest Common Stock Between the Record Date and the Distribution Date

From the Record Date and up to and including the Distribution Date, there will be two markets in shares of Forest common stock and Lone Pine common stock, a “regular way” market and a “when-issued” market. Shares of Forest common stock that trade on the regular way market will carry an entitlement to the special stock dividend of shares of Lone Pine common stock. Therefore, if you own shares of Forest common stock and sell those shares on the regular way market prior to or on the Distribution Date, you will also be selling your right to receive the special stock dividend of shares of Lone Pine common stock. The New York Stock Exchange authorized a when-issued market for Forest common stock, which commenced two business days prior to the Record Date on September 14, 2011. Shares of Forest common stock that trade on the when-issued market under the symbol “FSTwi” trade without the right to receive shares of Lone Pine common stock in connection with the distribution. A when-issued market for the shares of Lone Pine common stock to be distributed in the spin-off commenced on September 14, 2011 on both the New York Stock Exchange under the symbol “LPRwi” and the Toronto Stock Exchange under the symbol “LPR.W.”

If you sell your shares of Forest common stock prior to or on the Distribution Date, you may also be selling your right to receive the special stock dividend of shares of Lone Pine common stock. You are encouraged to consult with your financial advisor regarding the specific implications of selling Forest common stock prior to or on the Distribution Date.

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