Canfor Corporation
TSX : CFP

Canfor Corporation

September 04, 2007 17:51 ET

Canfor Corporation Announces the Resignation of CFO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 4, 2007) - Canfor Corporation (TSX:CFP) today announced the resignation of Scott Wilson, Vice-President, Finance and Chief Financial Officer. Canfor will commence with the search for a replacement, however; in the meantime Mr. Wilson has agreed to remain as Vice-President, Finance and CFO until a replacement can be found to assume Mr. Wilson's duties.

"I appreciate Scott's assistance in working with us through a transition, and we wish him well in his future endeavors," said Jim Shepard, Canfor's President and CEO.

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. 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 over 33 facilities in BC, Alberta, Quebec, Washington state, and North and South Carolina. The company is the largest producer of softwood lumber in Canada while also producing oriented strand board (OSB), plywood, 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 (TSX:CFP).

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