Western Forest Products Inc.

Western Forest Products Inc.

November 08, 2007 16:57 ET

Western Forest Products Appoints New CFO

DUNCAN, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2007) - Western Forest Products Inc. (TSX:WEF) ("Western") announced today the appointment of Murray Johnston as the Company's new Chief Financial Officer and Vice President of Finance. Mr. Johnston is expected to assume his duties on or about January 2, 2008.

Mr. Johnston joins Western from Winpak Ltd. where he served as the Company's Vice President and Chief Financial Officer since 1999. Prior roles include working at Design Systems/Weekenders and several overseas roles with Harlequin Enterprises including Vice President Finance, Overseas Division. Mr. Johnston is a Chartered Accountant and began his career with Ernst & Young in New Zealand and England.

Mr. Johnston succeeds Paul Ireland who, as previously announced, will be resigning from the company after a transition period. The company would like to thank Mr. Ireland for his dedication to Western Forest Products.

Western Forest Products

Western is an integrated Canadian forest products company and the largest coastal British Columbia woodland operator and lumber producer with an annual available harvest of approximately 7.5 million cubic metres of timber of which 7.3 million cubic metres is from Crown lands and 0.2 million cubic metres from private timberlands and lumber capacity in excess of 1.5 billion board feet from eight sawmills and four remanufacturing plants. Principal activities conducted by the Company and its subsidiaries include timber harvesting, reforestation, sawmilling logs into lumber and wood chips, and value-added remanufacturing. Substantially all of Western's operations, employees and corporate facilities are located in the coastal region of British Columbia while its products are sold in over 20 countries worldwide.

Forward Looking Statements and Information

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities law. Those statements and information include statements or information regarding the intent, belief or current expectations of Western with respect to the sale of its non-core assets. Such statements or information may be indicated by words such as "approximately", "achieving", "estimated", "expected", "anticipate", "plan", "intend", "believe", "will", "should", "may" and similar words and phrases. Readers are cautioned that any such forward-looking statements or information are not guarantees and may involve known and unknown risks and uncertainties, and that the actual results may differ from those expressed or implied in the forward-looking statements or information as a result of various factors including, changes in government regulation, and misjudgments in the course of preparing forward-looking statements or information. The information contained under the "Risk Factors" section of Western's Annual Information Form and under the "Risks and Uncertainties" section of Western's Management's Discussion and Analysis identifies important factors that could cause such differences. All written and oral forward-looking statements or information attributable to Western or persons acting on behalf of Western are expressly qualified in their entirety by the foregoing cautionary statements. Western does not expect to update forward-looking statements or information as conditions change.

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