Canfor Announces Normal Course Issuer Bid

Canfor Announces Normal Course Issuer Bid 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/01/13 -- Canfor
Corporation (TSX:CFP) announced today that it has received regulatory
approval for a normal course issuer bid to purchase for cancellation
up to 7,137,621 Common Shares or approximately 5% of the 142,752,431
Shares outstanding on February 25, 2013, at prevailing market prices
in accordance with the rules of The Toronto Stock Exchange. The
normal course issuer bid will commence on March 5, 2013 and continue
until March 4, 2014, unless completed or terminated earlier. Canfor
believes the normal course issuer bid is in the best interests of the
company. Purchases of Common Shares made under the bid will be
effected through the facilities of the TSX, alternative trading
systems, or as otherwise previously approved by the TSX. 
The Company's subsidiary, Canfor Pulp Products Inc., has today also
announced its initiation of a normal course issuer bid for the
purchase of up to 5% of its issued share capital, through the
facilities and in accordance with the Rules of The Toronto Stock
Exchange. 
Purchases will be made at the discretion of the Company at prevailing
market prices, through the facilities of the TSX, in compliance with
regulatory requirements. Daily purchases will be restricted to not
more than 68,619 shares, representing 25% of the average daily
trading volume of the Company's shares on the TSX, subject to certain
prescribed exemptions. There can be no assurance as to the precise
number of shares that will be repurchased under the share repurchase
program. The Company may discontinue its purchases at any time,
subject to compliance with applicable regulatory requirements. The
Company intends to hold all shares acquired under the issuer bid for
cancellation. The Company has not purchased any of its common shares
in the last 12 months. 
Forward Looking Statements  
Certain statements in this press release constitute "forward-looking
statements" which involve known and unknown risks, uncertainties and
other factors that may cause actual results to be materially
different from any future results, performance or achievements
expressed or implied by such statements. Words such as "expects",
"anticipates", "projects", "intends", "plans", "will", "believes",
"seeks", "estimates"
, "should", "may", "could", and variations of
such words and similar expressions are intended to identify such
forward-looking statements. These statements are based on
management's current expectations and beliefs and actual events or
results may differ materially. There are many factors that could
cause such actual events or results expressed or implied by such
forward-looking statements to differ materially from any future
results expressed or implied by such statements. Forward-looking
statements are based on current expectations and Canfor and the
Purchaser assume no obligation to update such information to reflect
later events or developments, except as required by law.  
Canfor is a leading integrated forest products company based in
Vancouver, British Columbia (BC) with operations in BC, Alberta,
Quebec and North and South Carolina. Canfor produces primarily
softwood lumber, and also produces bleached chemi-thermo-mechanical
pulp and specialized wood products. Canfor also owns a 50.2% interest
in Canfor Pulp Products Inc., which is one of the largest producers
of northern softwood kraft pulp in Canada and a leading producer of
high performance kraft paper. Canfor shares are traded on the Toronto
Stock Exchange under the symbol CFP.
Contacts:
Canfor Corporation
Christine Kennedy
Vice President, Brand and External Relations
(604) 661-5223
christine.kennedy@canfor.com 
Canfor Corporation
Patrick Elliott
Vice President and Treasurer
(604) 661-5441
patrick.elliott@canfor.com
www.canfor.com