Canfor Corporation
TSX : CFP

Canfor Corporation

June 13, 2007 18:46 ET

Canfor Takes Market Downtime

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 13, 2007) - Canfor Corporation (TSX:CFP) announced today that it will be taking a series of curtailments at a number of its sawmills and at its PolarBoard oriented strand board (OSB) mill and Tackama plywood plant due to continuing poor market conditions. These curtailments represent approximately 66.2 million board feet of lumber production, 14 million square feet of OSB (3/8" basis) and 8.5 million square feet of plywood (3/8" basis). In order to maintain customer service and continue to meet its program commitments, the company will implement a curtailment schedule commencing June 29 that will stagger mill downtime through to the second week of August. Employees will be encouraged to take summer holidays during this downtime.

In addition to the PolarBoard and Tackama mills, curtailments will take place at Canfor's Polar, Radium, Vavenby, Rustad, Chetwynd, Grande Prairie, Ft. St. John, Clear Lake and Daaquam sawmills.

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 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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