Sino-Forest Announces Closing of Strategic Placement



    TORONTO, April 10 /CNW/ - Sino-Forest Corporation ("Sino-Forest")
(TSX:TRE and TRE.S), a leading commercial forestry plantation operator in
China, is pleased to announce that the non-brokered strategic placement which
was previously announced on March 23, 2007 has been completed, subject only to
the receipt of funds which are currently in the process of being transmitted
to Sino-Forest. The strategic placement consisted of the sale of approximately
25.4 million common shares at Cdn$9.15 per share to several institutional
investors including Temasek Holdings, raising gross proceeds of US$200
million.
    The proceeds will be used for the acquisition of standing timber,
including pursuant to the Yunnan agreement previously described in the press
release dated March 23, 2007, construction or acquisition of related
processing facilities in the regions, and for working capital.

    About Sino-Forest Corporation
    Sino-Forest Corporation, a Canadian company, is a leading commercial
forestry plantations operator in China. The company started its operations in
1994 and is the first foreign and privately managed operator involved in
forest products in China. Its principal businesses include the ownership and
management of forestry plantation trees and sales of standing timber, wood
chips and logs, and complementary manufacturing of downstream engineered-wood
products. The Corporation's common shares trade on the Toronto Stock Exchange
under the symbol TRE since 1995.

    Please note: This press release contains projections and forward-looking
statements regarding future events. Such forward-looking statements are not
guarantees of future performance of the Company and are subject to risks and
uncertainties that could cause actual results and company plans and objectives
to differ materially from those expressed in the forward-looking statements.
Such risks and uncertainties include, but not limited to, changes in China and
international economies; changes in currency exchange rates; changes in
worldwide demand for the Company's products; changes in worldwide production
and production capacity in the forest products industry; competitive pricing
pressures for the Company's products and changes in wood and timber costs.

    %SEDAR: 00001894E




For further information:

For further information: Sino-Forest Corporation: Toronto, Dave Horsley,
Senior Vice President & Chief Financial Officer, Tel: (905) 281-8889, Email:
davehorsley@sinoforest.com; Hong Kong, Louisa Wong, Manager, Investor
Communications & Relations, Tel: +852 2514 2109, Email:
louisa-wong@sinoforest.com

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Sino-Forest Corporation

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