Ainsworth Lumber Co. Ltd.
TSX : ANS
TSX : ANS.WT

Ainsworth Lumber Co. Ltd.

January 19, 2011 08:01 ET

Ainsworth and CanWel Sign National Agreement for Canadian Distribution

CanWelBroadleaf Now Exclusive Distributor for Ainsworth PointSIX™ Durastrand Flooring

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 19, 2011) - Ainsworth Lumber Co. Ltd. (TSX:ANS)(TSX:ANS.WT) announced today that it has signed a multi-year agreement with CanWelBroadleaf to be its exclusive supplier of the company's oriented strand board ("OSB") enhanced subfloor product line. Ainsworth Engineered® pointSIX Durastrand Flooring will be distributed by CanWelBroadleaf throughout Canada commencing in late-January.

"We are very pleased to be moving forward in a long-term partnership with CanWelBroadleaf," said Rick Huff, President and CEO of Ainsworth. "As the largest building materials distributor to the Canadian market, CanWelBroadleaf offers a wide selection of top-quality products. It's exciting to have pointSIX Durastrand added to their product line-up."

According to Bob Simko, President of CanWelBroadleaf, the pointSIX Durastrand Flooring product is a key component of CanWelBroadleaf's extensive product line offering. "Ainsworth is an innovative company that is committed to meeting the needs of the diverse Canadian customer base," Simko stated.

PointSIX Durastrand Flooring is an engineered subfloor solution that utilizes a patented tapered-edge technology to counteract the effects of swelling due to moisture exposure. 

About CanWel Building Materials

CanWel Building Materials trades on the Toronto Stock Exchange under the symbol CWX and is Canada's largest national distributor in the building materials and related products sector, operating distribution centres coast to coast in all major cities and strategic locations across Canada. CanWel Building Materials distributes a wide range of hardware, building materials, lumber, and renovation products. Further information can be found in the disclosure documents filed by CanWel Building Materials (and its predecessor, CanWel Building Materials Income Fund) with the securities regulatory authorities, available at www.sedar.com.

About Ainsworth

Ainsworth is a leading manufacturer and supplier of engineered wood products for residential, commercial and industrial applications. Operations are located in British Columbia, Alberta and Ontario, Canada. Ainsworth trades on the Toronto Stock Exchange under the symbol ANS and ANS.WT. For more information about Ainsworth products, visit www.ainsworthengineered.com.

Forward Looking Statements

Forward-looking information provided in this news release relating to the Company's expectations regarding OSB demand and pricing and the Company's future prospects are forward-looking information pursuant to National Instrument 51-102 promulgated by the Canadian Securities Administrators. The Company believes that expectations reflected in such information are reasonable, but no assurance is given that such expectations will be correct. Forward-looking information is based on the Company's beliefs and assumptions based on information available at the time the assumption was made and on management's experience and perception of historical trends, current conditions and expected further developments as well as other factors deemed appropriate in the circumstances. Investors are cautioned that there are risks and uncertainties related to such forward-looking information and actual results may vary. Important factors that could cause actual results to differ materially from those expressed or implied by such forward looking information include, without limitation, factors detailed from time to time in the Company's periodic reports filed with the Canadian Securities Administrators and other regulatory authorities. The forward-looking information is made as of the date of this news release and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as explicitly required by securities laws.

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