PRESS RELEASE

Slave Lake, Alberta – Tolko Industries Ltd. (Tolko) announced today that the press chosen for its new Engineered Wood Products (EWP) facility in Slave Lake, Alberta, is a worldwide leader in its class of technology.

At 70.3 metres, this is longer than any continuous press in the world. It will be capable of producing the equivalent of over 825 million square feet per year (3/8" basis) of 7/16" oriented strand board (OSB).

“We decided on a continuous press for its production flexibility, which supports our value-added strategy,” said Erik Munck, Tolko’s Engineering Manager for the project. Munck explained that the system’s forming and press line will allow Tolko to produce high-quality structural engineered wood products in virtually any length and resin combination, and in a wide variety of thicknesses.

“Tolko chose to partner with Siempelkamp due to their excellent experience with, and quality of, continuous presses for OSB production,” Munck added. “Their track record assures us that their product and support will help us reach our goals as we take on the future of Engineered Wood Products (EWP).” Tolko announced the $200+ million EWP project in June 2005 and anticipates construction to begin in spring 2006, subject to government approvals.

"Siempelkamp is proud to supply the forming and press line for Tolko's new plant at Slave Lake,” said Dr. Hans Fechner, President and CEO of Siempelkamp. “This line will provide the shortest possible cure times and fastest line speeds in what will be the longest continuous press worldwide. We look forward to seeing the first board made, a fast ramp-up of the line, and a successful partnership with Tolko."

Siempelkamp's North American headquarters are in Marietta, Georgia with a Canadian office in Cambridge, Ontario. The Siempelkamp group of companies is an organization with a 120-year history of excellence in metal forming, industrial automation, and building particle board/MDF/OSB plants and machinery worldwide. Collectively, the Siempelkamp group has over 2,200 employees and total sales exceeding US$500M.

Tolko is a Canadian owned forest products company based in Vernon, British Columbia, that manufactures and markets specialty forest products to world markets. In Alberta, Tolko operates three forest product manufacturing facilities and woodlands. The Company provides direct employment to over 630 people in Alberta, with this number increasing to over 1800 during peak harvesting season.

For more information:

Visit the Tolko EWP project webiste: www.tolkoewp.com

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