Four more Ontario companies accept wood supply

Mar. 18, 2011 – Four more forestry
companies have accepted wood supply offers from the province of Ontario. The
companies will use the proposed wood allocations to produce traditional and new
forest products, including a variety of lumber for construction and wood
pellets for energy production. The total wood supply offered to the four
companies is 169,500 cubic metres/year. The 16 accepted wood supply offers
announced to date will put to use a total of 1,114,600 cubic metres/year of
wood and employ about 950 people.

"The receipt of this wood allocation is very timely for the Kawarthas,” says Charles Pitcher, CEO of Woodville
Pellet Corp. “Our Woodville plant is one-third complete, and production is set
for the fall of this year. The local forest managers and operators also gladly
share in this endeavour, as this wood pellet product provides a new market for
their low-end and underused forest products."

The following businesses have accepted new
wood supply allocations under Ontario's provincial wood supply competitive
process.