Sino-Forest Announces Revised CCAA Plan Implementation Date

         Sino-Forest Announces Revised CCAA Plan Implementation Date

PR Newswire

TORONTO, Jan. 24, 2013

TORONTO, Jan. 24, 2013  /PRNewswire/ - Sino-Forest Corporation  ("Sino-Forest" 
or the "Company") today announced that the Plan Implementation Date, the  date 
on which  the  Company's CCAA  Plan  of Compromise  and  Reorganization  dated 
December 3, 2012 (the "Plan") is  to become effective, has been extended  with 
the consent  of the  Initial Consenting  Noteholders and  the Monitor.  While 
Sino-Forest has been working  diligently with the Monitor  and counsel to  the 
Initial Consenting Noteholders  to complete  the implementation  of the  Plan, 
certain additional  work  is  still  necessary  before  the  Plan  can  become 
effective. The Plan Implementation Date is now expected to occur on or  about 
January 29, 2013 and in any event before the end of January, 2013.

This news release contains forward-looking  information within the meaning  of 
applicable   securities   laws   ("forward-looking   statements"),   including 
forward-looking statements  relating  to  the  expected  timing  of  the  Plan 
Implementation Date. The  forward-looking statements expressed  or implied  by 
this  news  release  are  subject   to  important  risks  and   uncertainties. 
Forward-looking statements are based on estimates and assumptions made by  the 
Company in light of  its experience and its  perception of historical  trends, 
current conditions and expected future developments, as well as other  factors 
that the Company believes are appropriate in the circumstances. The results or
events predicted in these statements may differ materially from actual results
or events and are not guarantees of future performance of Sino-Forest. Factors
which could  cause  results or  events  to differ  from  current  expectations 
include, among other things: Sino-Forest's ability to complete the Plan in the
time period contemplated,  if at  all, which is  dependent on  its ability  to 
comply with the closing conditions to the Plan, many of which are  significant 
and beyond  the  control  of  Sino-Forest;  actions  taken  by  the  Company's 
noteholders, lenders,  creditors,  shareholders,  and  other  stakeholders  to 
enforce their  rights;  actions  taken against  the  Company  by  governmental 
agencies and securities and  other regulators; actions  taken by the  Monitor; 
the  outcome  of  examinations  and  proceedings  currently  underway  by  law 
enforcement and securities regulatory authorities; the outcome of class action
or other proceedings which have been or may in future be initiated against the
Company; and  the Company's  ability  to continue  to operate  without  former 
senior management,  almost all  of whom  have  ceased to  be employed  by  the 
Company; and other factors not currently  viewed as material that could  cause 
actual  results   to   differ  materially   from   those  described   in   the 
forwarding-looking statements. Sino-Forest Corporation disclaims any intention
or obligation to update or revise any forward-looking statements, whether as a
result of new information, future events  or otherwise, except as required  by 
law.

SOURCE Sino-Forest Corporation

Contact:

Inquiries

All inquiries regarding the Company's proceedings under theCompanies'
Creditors Arrangement Act("CCAA") should be directed to the Monitor, FTI
Consulting, via email at:sfc@fticonsulting.com, or telephone: (416)
649-8094. Information about the CCAA proceedings, including copies of all
court orders and the Monitor's reports, are available at the Monitor's
websitehttp://cfcanada.fticonsulting.com/sfc.
 
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