Forest Oil Corporation has declared its estimated proved reserves, net sales volumes, and capital expenditures for the year ended December 31, 2009. The Company reported the following highlights:

• Estimated proved reserves at December 31, 2009 were 2,120 Bcfe; proved undeveloped percentage remained consistent compared to December 31, 2008 at 37% • 2009 reserve replacement ratio was 144%; 2009 finding and development costs were $2.16 per Mcfe • 2009 reserve replacement ratio, excluding price revisions, was 315%; 2009 finding and development costs, excluding price revisions, were $0.99 per Mcfe • 2009 estimated net sales volumes were 183 Bcfe • 2009 estimated exploration and development capital expenditures were $569 million, including $57 million for land and leasehold acquisition costs

H. Craig Clark, President and CEO, stated, "Forest's investment results for 2009 demonstrated our ability to operate efficiently in a low commodity price environment. For the year, our drilling program added reserves at $0.99 per Mcfe with a reserve replacement ratio of 315%. Forest's 2009 drilling program focused primarily on horizontal delineation projects within its core areas, the Greater Buffalo Wallow Area, East Texas / North Louisiana, and the Deep Basin in Canada. In addition, we performed detailed field studies and commenced exploitation projects on the properties that were divested during 2009, increasing the ultimate value realized in the 2009 divestiture program. As Forest moves forward into 2010, we will focus our capital program on horizontal drilling in these same core areas that have large land positions, attractive returns, low cost structures, and future growth potential."

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