Ainsworth appoints former Brookfield Asset Management Senior VP Rick Eng as CFO, effective Sept. 11

VANCOUVER, British Columbia , August 23, 2012 (press release) – Ainsworth Lumber Co. Ltd. (TSX:ANS)(TSX:ANS.WT) announced today that Rick Eng has been appointed Vice President, Finance & Chief Financial Officer, effective September 11, 2012. Prior to joining Ainsworth, Mr. Eng served as Senior Vice President, Brookfield Asset Management Inc., responsible for capital markets activities and private equity investing in Western Canada. He holds a B.A. (Economics) from Queen's University and is a Chartered Accountant.

Ainsworth President and COO Jim Lake said, "We are pleased to welcome Rick to the senior management team. He brings a depth of experience in corporate finance and we expect him to quickly become a valuable contributor in his new role with our company."

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