Mr. Paul Rivett reports

GREENFIRST ANNOUNCES DIRECTOR RESIGNATION

Rick Doman has retired from Greenfirst Forest Products Inc.'s board of directors, effective immediately.

"We all thank Rick for his efforts at Greenfirst and we wish him well. The company would not exist without his early vision as a co-founder," said Paul Rivett, Greenfirst's chair.

In the coming weeks, Greenfirst will be planning to announce a number of expense reduction measures, including a reduction in the size of its board of directors in keeping with the reduced size and location of its operations.

About Greenfirst Forest Products Inc.

Greenfirst Forest Products is a forest-first business, focused on sustainable forest management and lumber production. The company owns four sawmills located in rich wood baskets proudly operating over 6.1 million hectares of FSC-certified (Forest Stewardship Council) public Ontario forest lands (FSC-C167905). The company believes that responsible forest practices, coupled with the long-term green advantage of lumber, provide Greenfirst with significant cyclical and secular advantages in building products.