Tolko Industries Ltd.
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NEWS RELEASE

For immediate release: December 10, 2003

Tolko supports proposed settlement of softwood lumber dispute

Vernon, BC – While this weekend’s proposed settlement is not the long-term result Tolko was seeking, the Company is supportive of finalizing the agreement.

“Ratification of the agreement will provide us with the freedom to operate our business while we work with the provincial and federal governments to adopt forest policies that will lead toward free trade with the United States,” said Mike Harkies, General Manager, BC Operations. “We are supportive of the policy reforms the provincial government has already instituted and we are hopeful that further reforms will benefit all Canadians as we eliminate barriers to trade peace with the Americans.”

Tolko Industries is a privately owned forest products company with nine manufacturing operations in British Columbia, Alberta, Saskatchewan and Manitoba. The Company employs over 2300 people and manufactures lumber, panel products and kraft paper.


For more information:
Sheila Catlin
Manager, Communications & Public Relations
Phone: 250-545-4411

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