Great Pacific Capital Corp. increases holdings in Canfor Corporation

VANCOUVER, June 30 /CNW/ - Jim Pattison announced today that Great Pacific Capital Corp. ("Great Pacific"), a wholly-owned company, has acquired an additional 3,117,400 Common shares of Canfor Corporation ("Canfor"), representing approximately 2.23% of the outstanding shares, through purchases on The Toronto Stock Exchange. This brings the total holdings of Great Pacific to 21,559,250 Common shares of Canfor, representing approximately 15.12% of the outstanding shares. Great Pacific together with Great Pacific Industries Inc. and 4123221 Canada Inc., two other companies owned by Jim Pattison, own in the aggregate 48,002,400 Common shares of Canfor, representing approximately 33.65% of the outstanding shares.

The shares of Canfor have been purchased and are presently being held for investment purposes. In the future, Jim Pattison through one or more of his companies may acquire additional shares of Canfor or dispose of such shares subject to a number of factors, including general market and economic conditions and other investment and business opportunities available to it.

For further information: Nick Desmarais, [phone]