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NEWS RELEASE

For immediate release: August 5, 2003

Tolko confirms loss of Louis Creek sawmill operation

Vernon, BC – Tolko Industries announced today that its Louis Creek sawmill operation was completely destroyed by a forest fire that began near McClure, BC. All employees were evacuated safely.

Mike Harkies, Tolko’s General Manager British Columbia operations, says the site remains under evacuation order. “Because of this evacuation order we aren’t able to do any assessment work at this time. We won’t be able to address any future plans for the Louis Creek facility until we can access the site with our insurers and our senior management team. Our best estimate is that it will be four to six weeks before we’re able to make any decisions about what our next steps will be.”

Mike went on to say that plans are underway to meet with employees to provide them with a current update and temporary contact information for the Louis Creek management team.

The Louis Creek mill included a sawmill, a planer and woodlands operations. The plant provided direct employment for approximately 200 people and indirect employment for 150 individuals employed by outside contractors. Mill production was 140,000 million board feet annually.

Mike concluded, “We are grateful that none of our employees experienced any significant injuries or loss of life. We want to express our appreciation for the efforts of the firefighters and provincial authorities who worked diligently to protect the mill.”


For more information:
Sheila Catlin
Senior Communications Coordinator
Phone: (250) 549-5326

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