Canfor Corporation Announces Production Curtailments

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 15, 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 February 16th at the PolarBoard OSB mill in Fort Nelson. The mill is scheduled to start up again on March 5th with a new five-day workweek shift structure. The Mackenzie sawmill will also take a week of downtime commencing February 26th while on February 19th 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.

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 50.1% 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).