Canexus appoints Arthur N. Korpach to board of directors, effective March 7; Korpach currently serves as vice chairman, investment banking at CIBC World Markets

CALGARY, Alberta , March 8, 2012 (press release) – Dennis Flanagan, Chairman of the Board of Directors of Canexus Corporation (TSX:CUS) (the "Corporation" or "Canexus") is pleased to announce the appointment of Arthur N. Korpach to its Board of Directors on March 7, 2012.

Mr. Korpach is currently Vice Chairman Investment Banking at CIBC World Markets Inc. He has 27 years of investment banking experience working with clients in Canada and globally. During his career, he has provided advice on numerous financing and merger and acquisition transactions. He is Vice-Chair of the Board of United Way of Calgary and Area and is a past director of Mount Royal University and its Foundation. Mr. Korpach is a past chair of the Accounting Standards Board of the Canadian Institute of Chartered Accountants.

Mr. Korpach received a Bachelor of Commerce from the University of Saskatchewan and an MBA from Harvard Business School. He is a Fellow Chartered Accountant and a Chartered Business Valuator.

About Canexus

Canexus produces sodium chlorate and chlor-alkali products largely for the pulp and paper and water treatment industries. Our four plants in Canada and two at one site in Brazil are reliable, low-cost, strategically-located facilities that capitalize on competitive electricity costs and transportation infrastructure to minimize production and delivery costs. Canexus also provides fee-for-service hydrocarbon transloading services to the oil and gas industry from its terminal at Bruderheim, Alberta. Canexus targets opportunities to maximize shareholder returns and delivers high-quality products to its customers. Canexus' common shares (CUS) and debentures (Series I - CUS.DB; Series III - CUS.DB.A; Series IV - CUS.DB.B) trade on the Toronto Stock Exchange. More information about Canexus is available at www.canexus.ca.

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