Canfor Corporation Announces Fourth Quarter Results Conference Call

Market Wire, January, 2009

Canfor Corporation (TSX: CFP) will hold a conference call to discuss its fourth quarter 2008 financial and operating results on Friday, February 20, 2009 at 7:30 AM PDT/10:30 AM EDT.

To participate in the call, please dial one of the following numbers:

Access: 416-641-6126

Toll-Free Access: 1-866-542-4236

For Instant Replay Access please dial one of the following numbers and enter Participant Pass Code 3281623

Access: 416-695-5800

Toll-Free Access: 1-800-408-3053

Until March 20, 2009

Following management's discussion of the quarterly results, the analyst and investment community will be invited to ask questions. Once the analyst and investment community have completed their questions, Canfor's management will take questions from the media.

Canfor Corporation's fourth quarter 2008 financial and operating results will be released on Thursday, February 19, 2009. The call will be webcast live and will be available at www.canfor.com .

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", "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 the Company assumes 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 interests in BC, Alberta, Quebec, Washington state, and North and South Carolina. The company is the largest producer of softwood lumber in British Columbia while also producing plywood, remanufactured lumber products and specialized wood products. Canfor also owns a 50.2% interest in Canfor Pulp Limited Partnership, 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 Patrick Elliott Treasurer (604) 661-5441 Email: Patrick.Elliott@canfor.com Canfor Corporation Dave Lefebvre Director, Corporate Communications (604) 661-5225 Email: Dave.Lefebvre@canfor.com Website: www.canfor.com