Ainsworth Lumber Co. Ltd.

Ainsworth Lumber Co. Ltd.

April 11, 2006 16:29 ET

Ainsworth Lumber Announces it has Entered into an Agreement to Sell Senior Floating Rate Notes

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 11, 2006) - Ainsworth Lumber Co. Ltd. (TSX:ANS) today announced that it has entered into a purchase agreement in connection with the previously announced Rule 144A offering of US$75 million aggregate principal amount of Senior Floating Rate Notes due 2013. Ainsworth intends to use the net proceeds of the offering to partially finance the construction of a second production line at its Grande Prairie, Alberta OSB facility. The offering is expected to close on April 18, 2006.

This press release is not an offer of securities for sale in the United States. The notes have not been registered under the United States Securities Act of 1933 or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

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