West Fraser completes acquisition of U.S. lumber business

    (TSX: WFT)

    VANCOUVER, March 31 /CNW/ - West Fraser Timber Co. Ltd. (TSX: WFT)
announced today that, further to its news releases of November 29, 2006 and
January 4, 2007, it has completed its acquisition of 13 sawmills located in
the southern United States from International Paper Company (NYSE:   IP). The
business will be operated by a wholly-owned U.S. subsidiary of West Fraser.

    About West Fraser

    Headquartered in Vancouver, B.C., West Fraser is an integrated forest
products company that produces lumber, LVL, MDF, plywood, pulp, linerboard,
kraft paper and newsprint. West Fraser has manufacturing operations in British
Columbia, Alberta and the southern United States and, with the completion of
the U.S. South acquisition, has approximately 9,100 employees. All of West
Fraser's managed Canadian woodlands are certified to a third-party and
independently-verified sustainable forest management standard, either the
Sustainable Forestry Initiative (SFI) or Canada's national standard for
sustainable forest management (CAN/CSA Z809).

    %SEDAR: 00002660E

For further information:

For further information: Martti Solin, Executive Vice-President, Finance
and Corporate Development and Chief Financial Officer; and Rodger Hutchinson,
Vice President, Corporate Controller  (604) 895-2700,

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