News Release

Forest Oil Announces First Quarter Earnings Release Date and Teleconference

DENVER, Apr 12, 2012 (BUSINESS WIRE) --Forest Oil Corporation (NYSE:FST) (Forest or the Company) has scheduled its first quarter 2012 earnings release to be issued after the close of trading on the New York Stock Exchange on Monday, April 30, 2012.

A conference call is scheduled for Tuesday, May 1, 2012, at 12:00 PM MT to discuss the release. You may access the call by dialing toll-free 866.783.2140 (for U.S./Canada) and 857.350.1599 (for International) and request the Forest Oil teleconference (ID # 29545737). The conference call will also be webcast live on the Internet and can be accessed by going to the Forest Oil website at www.forestoil.com in the "Investor Relations" section of the website. A Q&A period will follow.

A replay will be available from Tuesday, May 1 through May 15, 2012. You may access the replay by dialing toll-free 888.286.8010 (for U.S./Canada) and 617.801.6888 (for International), conference ID # 45267651. An archive of the conference call webcast will also be available at www.forestoil.com in the "Investor Relations" section of the website.

Forest Oil Corporation is engaged in the acquisition, exploration, development, and production of natural gas and liquids in North America and selected international locations. Forest's principal reserves and producing properties are located in the United States in Arkansas, Louisiana, Oklahoma, Texas, Utah, and Wyoming. Forest's common stock trades on the New York Stock Exchange under the symbol FST. For more information about Forest, please visit its website at www.forestoil.com.

April 12, 2012