Canfor Calls on BC Government to Rethink Old Growth Deferral Process

VANCOUVER, BC, Dec. 15, 2021 /CNW/ - Canfor Corporation (TSX: CFP) is issuing an open letter from Don Kayne, President and CEO, calling for an approach to the management of British Columbia's old growth forests that is based on the facts of sound science and Indigenous traditional knowledge and a collaborative process that includes broad representation.

Canfor Letter | The company calls on BC Government to Rethink Old Growth Deferral Process (CNW Group/Canfor Corporation)

"We can choose a path that brings First Nations, labour leaders, forestry professionals and communities together to develop a sustainable old growth management plan that protects our forests and ensures sustainable employment for our communities. We are asking the Government of British Columbia to rethink the old growth deferral process," said Don Kayne, President and CEO, Canfor. "Together, we can build on the 75% of old growth forests that are already protected or outside harvesting areas."

British Columbia is a world leader in sustainable harvesting and forest management practices that include rigorous environmental standards and a comprehensive permitting system.

The letter is included as an asset, please see the PDF.

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 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 BC, Alberta, North and South Carolina, Alabama, Georgia, Mississippi, Arkansas and Louisiana, as well as in Sweden with 70% interest in Vida Group. Canfor produces primarily softwood lumber and also owns a 54.8% interest in Canfor Pulp Products Inc., which is one of the largest global producers of market Northern Bleached Softwood Kraft Pulp and a leading producer of high performance kraft paper. Canfor shares are traded on The Toronto Stock Exchange under the symbol CFP. For more information visit canfor.com.

SOURCE Canfor Corporation

Media Contact: Michelle Ward, Senior Director, Communications & GR, [phone], [email protected]; Investor Contact: Pat Elliott, CFO and SVP, Sustainability, [phone], [email protected]; Dan Barwin, Director, Corporate Finance, [phone], [email protected]