Canfor Corporation
TSX : CFP

Canfor Corporation

April 30, 2009 19:31 ET

Canfor Announces Appointment of Chairman

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 30, 2009) - Canfor Corporation (TSX:CFP) announced today that after serving as Canfor's chairman since 1982, Peter Bentley has decided to step down as Chairman of the Board effective today. Mr. Bentley will remain as director of the Company and has been appointed Chairman Emeritus.

Jim Shepard, President and CEO of Canfor said, "The tenacity shown by the spirit of our employees and the loyalty of our highly-valued customers are vital reasons for Canfor's ability to successfully endure the current market meltdown. These Canfor strengths are a fine legacy of Peter Bentley's leadership of the Company. We are pleased that he will be remaining as a director and continuing to provide management with his guidance and support."

Mr. Ron Cliff has been appointed the Chairman of the Board of Canfor. Mr. Cliff has been a director of the Company since 1983 and was formerly Chairman of the Board of BC Gas Inc., now Terasen Inc.

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", "projects", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and the Company assumes no obligation to update such information to reflect later events or developments, except as required by law.

Canfor is a leading integrated forest products company based in Vancouver, British Columbia (BC) with interests in BC, Alberta, Quebec, Washington state, and North and South Carolina. The Company produces the most softwood lumber in BC, while also producing oriented strand board (OSB), remanufactured lumber products and specialized wood products. Canfor also owns a 50.2% interest in Canfor Pulp Limited Partnership, which is one of the largest producers of northern softwood kraft pulp in Canada and a leading producer of high performance kraft paper. Canfor shares are traded on the Toronto Stock Exchange under the symbol CFP.

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