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Press release from Marketwire

Ainsworth Appoints Chief Financial Officer

Thursday, August 23, 2012

Ainsworth Appoints Chief Financial Officer12:48 EDT Thursday, August 23, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 23, 2012) - 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."FOR FURTHER INFORMATION PLEASE CONTACT: 604-661-3200Ainsworth Lumber Co. Ltd.604-661-3201 (FAX)Investors@ainsworth.cawww.ainsworthengineered.com