West Fraser Timber Co. Ltd. ("WFT") - B.C. Wildfires

VANCOUVER, July 10, 2017 /CNW/ - The Province of British Columbia has declared a provincial state of emergency due to wildfire activity in the interior region.

West Fraser has temporarily suspended operations in 100 Mile House, Williams Lake and Chasm.  West Fraser mills in Williams Lake and Chasm have staff and resources that are being deployed to protect our facilities and the communities.  In the case of our100 Mile House mill, the staff and community have been evacuated to comply with evacuation orders in the surrounding areas.

The fire situation in the Interior of British Columbia is volatile and the situation is evolving. West Fraser will continue to make operational decisions accordingly. At this time, West Fraser is uncertain how long our 100 Mile House, Williams Lake and Chasm operations will be suspended and is unable to assess the impact on lumber and plywood production.

The effected facilities represent annual production capacity of 800 million board feet of lumber and 270 million square feet of plywood.

The health and safety of all our West Fraser families is of paramount importance.  Extraordinary efforts by our highly professional and dedicated employees have helped safeguard our effected assets to date.

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.

This News Release contains historical information, descriptions of current circumstances and statements about potential future developments, or forward-looking statements.  Readers should exercise caution in relying upon forward‑looking statements and West Fraser undertakes no obligation to publicly revise them to reflect subsequent events or circumstances except as required by applicable securities laws.

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

SOURCE West Fraser Timber Co. Ltd.

For further information: Chris Virostek, Vice‑President, Finance and Chief Financial Officer; Rodger Hutchinson, Vice‑President, Corporate Controller and Investor Relations; (604) 895-2700, www.westfraser.com


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