NEWS RELEASE

Tolko makes formal offer

Vernon, BC – Tolko Industries Ltd. (Tolko) announced today that it has formally made its offer to purchase all the outstanding shares of Riverside Forest Products Limited (Riverside) (TSX: RFP) for C$29.00 per share in cash.

The offer will remain open for acceptance until 9:00 pm (Vancouver time) on October 6, 2004, unless extended or withdrawn by Tolko. The offer is subject to a number of conditions, including there being validly deposited under, and not withdrawn from, the offer that number of common shares of Riverside which, when combined with the common shares held by Tolko and its affiliates, represents not less than 75% of the outstanding common shares on a fully diluted basis.

The Dealer Manager for the offer is RBC Capital Markets and the Depositary for the offer is CIBC Mellon Trust Company.

The circular for the offer was filed with all securities commissions in Canada today and will be mailed to shareholders of Riverside as soon as Riverside provides Tolko with a shareholder list.

Any questions and requests for assistance by Riverside shareholders may be directed to either the Dealer Manager in Vancouver at 604-257-7620 or the Depositary in Toronto at 416-643-5500.

For more information:

Tolko Industries Ltd.
Trevor Jahnig
Chief Financial Officer

Phone: (250) 545-4411
E-mail

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