PORT ALBERNI, British Columbia — The newly formed TFL 44 Limited Partnership, a partnership between Huu-ay-aht First Nations (“Huu-ay-aht”) and Western Forest Products Inc., held their first Board of Directors (the “Board”) meeting today. Aligned with their goal of providing more long-term sustainability for the forest sector and the region, the Board took a number of positive steps forward to execute on several key terms of their partnership agreement. The Board approved moving forward with a manufacturing study to evaluate the fibre supply in the Alberni Valley, including TFL 44 Limited Partnership and Huu-ay-aht lands and crown tenures. This was a key component of the TFL 44 transaction, which closed in March of this year, whereby the Huu-ay-aht acquired a 7% interest in TFL 44. The study will include a market assessment for potential wood products from the fibre produced in the Alberni Valley.