Canfor Corporation Announces Production Curtailments

Vancouver, British Columbia, Canada, 15 February 2007 - Canfor Corporation (TSX: CFP) announced today that it will be taking curtailments at certain wood product operations over the latter part of February due to poor market conditions compounded by the current strike at CN Rail. The impact on production as a result of this curtailment represents approximately 80 million board feet of lumber on an annualized basis and 300 million square feet of oriented strand board (OSB) also on an annualized basis.

A two-week curtailment will commence 16 February at the PolarBoard OSB mill in Fort Nelson. The mill is scheduled to start up again on 5 March with a new five-day workweek shift structure. The Mackenzie sawmill will also take a week of downtime commencing 26 February, while on 19 February the Plateau sawmill in Vanderhoof will move from a three-shift to a two-shift schedule.

"The lumber and panel markets today are extremely difficult," said Canfor president and CEO, Jim Shepherd. "Add to the mix the disruption of a CN rail strike which requires us to change our operating plan," he said. "We are confident that we will be able to maintain all of our customer commitments," Shepherd concluded.

Canfor is a leading integrated forest products company based in Vancouver, British Columbia, with interests in over 33 facilities in British Columbia, Alberta, and Quebec in Canada, and in Washington, North Carolina, and South Carolina in the United States. The company is the largest producer of softwood lumber in Canada. It also produces 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).