CFP Canfor Corporation

Canfor Corporation (TSX:CFP) is pleased to announce the purchase of the
operating assets of Balfour Lumber Company and Beadles Lumber Company. The
transaction includes two sawmills located in Thomasville and Moultrie, Georgia
in an area with a high quality and sustainable fibre supply. The Balfour and
Beadles mills produce quality southern yellow pine lumber and the operations
have a combined capacity of 210 million board feet after reflecting planned near
term capital. The purchase is structured with 55% being acquired in January 2015
and the balance after a two year period.


"The Balfour and Beadles sawmills are strong high performing assets in a supply
area of sustainable and quality fibre." said Canfor Corporation President and
CEO Don Kayne. "These mills and the management team in Georgia will contribute
to the strength of Canfor."


The transaction is subject to standard closing conditions. 

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", "projects", "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 Canfor and the Purchaser assume 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 operations in BC, Alberta, North and South Carolina
and Alabama. Canfor produces primarily softwood lumber, and also produces
bleached chemi-thermo-mechanical pulp and specialized wood products. Canfor also
owns a 50.4% interest in Canfor Pulp Products Inc., 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Media Contact:
Corinne Stavness
Director, Public Affairs and Responsibility
(604) 661-5225
Corinne.Stavness@canfor.com


Investor Contact:
Pat Elliott
Vice President and Treasurer
(604) 661-5441
Patrick.Elliott@canfor.com

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