Tla’amin Territory – Western Forest Products Inc. and Qwoqwnes Forestry Holdings Limited Partnership, an entity beneficially owned and controlled by Tla’amin Nation (“Qwoqwnes”), have reached an agreement for the purchase by Qwoqwnes of a 100% ownership interest in the assets comprising Western’s Stillwater Forest Operation, located near Powell River, British Columbia, for an aggregate purchase price of $80.0 million. The Stillwater Forest Operation includes Block 1 of Tree Farm Licence 39 which covers approximately 154,000 hectares of forest land, the majority of which is located in the traditional territory of Tla’amin Nation. Subject to closing of the Transaction, Qwoqwnes, through the business of Thichum Forest Products, will manage an allowable annual cut of approximately 469,200 cubic metres of timber from TFL 39 Block 1 and will enter into a longterm fibre supply agreement with Western to sell timber harvested from the tenure to Western to support Western’s BC coastal manufacturing operations.