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NEWS RELEASE

For immediate release: March 10, 2004

Tolko Meets the Community of Slave Lake

Edmonton, Alberta – Officials from Tolko were in Edmonton on March 10, 2004 to meet with government. Al Thorlakson, Tolko’s President & CEO says, “With our recent purchase of the Slave Lake OSB mill our investment in Alberta is larger than in any of the other three western provinces where we have operations.

Rick Huff, Tolko’s General Manager OSB & Kraft Papers, went on to say that Alberta will be the focus of Tolko’s growth for the next 2-3 years. “Over the next six months we will be looking at a number of strategic options to modernize and expand our facilities at High Prairie, Slave Lake and High Level. We’ve been working with the Alberta Research Council over the last few years on proprietary projects utilizing new technology, and we’re hopeful that our modernization and expansion plans will provide us with an opportunity to commercialize some of this technology.”

In Alberta, Tolko provides direct employment for over 630 people in its manufacturing facilities. During peak harvesting season this number increases to over 1800. The Company contributes approximately $87 million to the province in direct and indirect wages, and provincial and municipal taxes.

Tolko is a private company that manufactures and markets specialty forest products to world markets. The Company has lumber operations in Lavington, Merritt and Quesnel, British Columbia, High Level, Alberta and The Pas, Manitoba. It also owns a plywood and veneer plant in Heffley Creek, British Columbia, OSB operations in High Prairie and Slave Lake, Alberta and Meadow Lake Saskatchewan, and a kraft paper mill in The Pas, Manitoba. The Company employs over 2400 people.


For more information:

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

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