VANCOUVER, BC -- (Marketwired) -- 12/06/16

The Board of Directors of West Fraser Timber Co. Ltd. (TSX: WFT) has declared a quarterly dividend of $0.07 per share on the Common shares and Class B Common shares in the capital of the Company, payable on January 10, 2017 to shareholders of record on December 20, 2016.

Dividends are designated to be eligible dividends pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to eligible dividends.

West Fraser is a diversified wood products company producing lumber, LVL, MDF, plywood, pulp, newsprint, wood chips and energy with facilities in western Canada and the southern United States.

West Fraser shares trade on the Toronto Stock Exchange under the symbol: "WFT".

For more information:

Larry Hughes
Vice-President, Finance and Chief Financial Officer and Secretary

Rodger Hutchinson
Vice-President, Corporate Controller and Investor Relations

(604) 895-2700
www.westfraser.com