Canfor Corporation
TSX : CFP

Canfor Corporation

February 20, 2007 21:09 ET

CN Strike Forces Further Downtime at Canfor Sawmills

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 20, 2007) - Canfor Corporation (TSX:CFP) announced today that it will be taking production downtime at its Mackenzie sawmill three production days earlier than the Company announced last week beginning February 21st coupled with additional curtailments at other British Columbia mills in Vavenby, Houston and at its Kyahwood remanufacturing joint venture located in Moricetown.

The additional three days of downtime at Mackenzie, the week of downtime at both Houston and Vavenby and the three days at Kyahwood represent approximately 20 million board feet of additional production curtailment Canfor has had to take as a result of the strike.

"The timing of the strike places an additional burden on our operations and is having a very negative impact on our company," said Jim Shepherd, President and CEO. "Over 1,300 of our employees across British Columbia are being affected by this strike not to mention other communities which also depend on reliable rail service," said Shepherd. "The magnitude of this strike warrants immediate action by the federal government to bring about a resolution," he concluded.

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 50.1% 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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