VANCOUVER, BRITISH COLUMBIA - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX:WFT) announced today that it has completed its previously announced offering of US$300 million aggregate principal amount of 4.35% senior unsecured notes due October 15, 2024 (the "Notes"). West Fraser used the net proceeds from the offering to repay its outstanding 5.2% senior unsecured notes that matured today.

The Notes were offered in the United States only to "qualified institutional buyers" in accordance with Rule 144A under the United States Securities Act of 1933, as amended (the "Securities Act"), and outside the United States in reliance on Regulation S under the Securities Act.

The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and have not been qualified by a prospectus in Canada. The Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any offer or sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. Offers of the Notes were made only by means of a private offering memorandum.

West Fraser is a diversified wood products company producing lumber, wood chips, LVL, MDF, plywood, pulp and newsprint. The Company has operations in western Canada and the southern United States.

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