PRESS RELEASE

Slave Lake, Alberta – Tolko Industries Ltd. (Tolko) announced today that they have selected the proposed site for their new Engineered Wood Products (EWP) facility. The location chosen is approximately five kilometers east of Tolko’s existing Slave Lake OSB plant. Final selection is subject to approval by the Alberta government.

Dave Knight, Tolko’s Regional Woodlands Manager, says that approval was received from Alberta Sustainable Resource Development to clear the proposed site to allow the engineers to begin their preliminary survey work. “As a result of this work, additional clearing will likely be necessary to accommodate the needs identified during the preliminary survey. We are preparing the site so we can move to the next stage of development once we receive approval.” Dave added, “It’s important to note, however, that if we don’t receive approval from the Alberta government we will restore the site to its natural state.”

“Planning is also underway to host public information sessions,” says Dave. “A series of displays will depict the various stages of the project, Tolko’s sustainable forest management activities, future employment opportunities, and the company’s commitment to Northern Alberta. As well, Tolko representatives will be on hand to answer questions.” Watch your local paper for details of these information sessions.

Tolko Industries Ltd. (Tolko) is a Canadian owned forest products company based in Vernon, British Columbia that manufactures and markets specialty forest products to world markets. With eighteen manufacturing Divisions and three sales offices across Western Canada, Tolko is a major producer and marketer of lumber, plywood, oriented strand board, and kraft paper. 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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