VANCOUVER, June 15, 2012 /CNW/ – Jim Pattison announced today that Great
Pacific Capital Corp. (“Great Pacific”), a wholly-owned company, has
acquired an additional 137,000 Common shares of Canfor Corporation
(“Canfor”), representing approximately 0.10% of the outstanding shares,
through purchases on recognized Canadian Stock Exchanges. This brings
the total holdings of Great Pacific to 30,146,350 Common shares of
Canfor, representing approximately 21.12% of the outstanding shares.
Great Pacific together with Great Pacific Industries Inc. and 4123221
Canada Inc., two other companies owned by Jim Pattison, own in the
aggregate 56,589,500 Common shares of Canfor, representing
approximately 39.65% of the outstanding shares.

The shares of Canfor have been purchased and are presently being held
for investment purposes. In the future, Jim Pattison through one or
more of his companies may acquire additional shares of Canfor or
dispose of such shares subject to a number of factors, including
general market and economic conditions and other investment and
business opportunities available to it.

SOURCE Great Pacific Capital Corp.