Canfor Pulp Income Fund
TSX : CFX.UN

Canfor Pulp Income Fund

June 17, 2009 17:12 ET

Canfor Pulp Income Fund Reacts to Promise of Federal Aid

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2009) - Canfor Pulp Income Fund (the "Fund") (TSX:CFX.UN) is pleased with the federal government's response to the U.S. Black Liquor tax credit. The decision to provide funds to level the playing field between Canadian and American pulp and paper producers is seen as a positive step. Canfor Pulp is a large producer of kraft pulp and expects to finance capital projects through funding made available under this initiative.

"We understand that the details of the program are still to be determined and hope to participate in their development. As the program unfolds, we will aggressively pursue capital available to expedite projects planned for continued energy and environmental improvements," said Paul Richards, President and Chief Executive Officer of Canfor Pulp Income Fund.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking statements" which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipates", "intends", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could" and variations of such words and similar expressions are intended to identify such forward-looking statements. The risks and uncertainties are detailed from time to time in reports filed by the Fund with the securities regulatory authorities in all of the provinces and territories of Canada to which recipients of this press release are referred to for additional information concerning the Fund and Partnership, its prospects and uncertainties relating to the Fund and Partnership and its prospects. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of the Fund and Partnership to be materially different from those contained in forward-looking statements. The forward-looking statements are based on current information and expectations and the Fund and Partnership assume no obligation to update such information to reflect later events or developments, except as required by law.

About Canfor Pulp Income Fund

The Fund is an unincorporated, open-ended trust established under the laws of Ontario, created to indirectly acquire and hold an interest in the Canfor Pulp Limited Partnership (the "Partnership"). The Fund indirectly holds a 49.8% interest in the Partnership with Canadian Forest Products Ltd. (a subsidiary of Canfor Corporation) holding the remaining 50.2% interest.

For more information about Canfor Pulp Income Fund and the Partnership, please visit www.canforpulp.com.

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