ISS and Glass Lewis Recommend That Canexus Shareholders Vote FOR the Arrangement

CALGARY, AB--(Marketwired - November 30, 2015) - Canexus Corporation (TSX: CUS) (the "Corporation" or "Canexus") is pleased to announce that Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co. LLC ("Glass Lewis") have both recommended that shareholders of Canexus vote FOR the resolution approving the plan of arrangement whereby Superior Plus Corp. will acquire all of the issued and outstanding common shares of Canexus on the basis of 0.153 of a common share of Superior for each Canexus share (the "Arrangement"), pursuant to an arrangement agreement between Canexus and Superior dated October 5, 2015. ISS and Glass Lewis are two leading independent governance analysis and proxy advisory firms that provide voting recommendations to institutional investors. Their recommendation to vote for the proposal highlights the strategic rationale for both companies.

Additional information in relation to the Arrangement can be found in the management information circular dated November 12, 2015 (the "Circular") and related proxy materials of Canexus that were recently mailed to shareholders. An electronic copy of the Circular is available on Canexus' website at http://canexus.ca/investors/reports-filings. The documentation is also available under the company's profile on SEDAR at www.sedar.com.

Shareholders are reminded to vote their proxy prior to the proxy voting deadline of Wednesday, December 9, 2015 at 9:00 a.m. MDT.

Canexus shareholders as of the record date of November 10, 2015 were mailed proxy voting materials in advance of the Meeting (as defined herein) to vote by proxy or in person at a Special Meeting of Canexus shareholders (the "Meeting") to be held December 11, 2015 at 9:00 a.m. (MDT) at the Sun Life Plaza Conference Centre in Calgary, Alberta (140-4^th Ave SW, +15 Level).

The Board of Directors UNANIMOUSLY recommends that Shareholders vote FOR the Arrangement.

Due to the approach of the voting deadline, shareholders are urged to vote today using one of the alternatives below.

Registered Shareholders

Shareholders who have physical certificates representing Canexus shares may vote by telephone or via the Internet. To vote by telephone call 1-866-732-8683 from a touch tone phone. When prompted, enter your Control Number listed on the proxy and follow the voting instructions. To vote via the internet, go to www.investorvote.com and enter your Control Number listed on the proxy and follow the voting instructions on the screen. If you vote by telephone or via the Internet, do not complete or return the form of proxy.