Vancouver, British Columbia, Canada, 02 March 2011 – Acadian Timber Corp. (TSX:ADN) is pleased to announce the successful closing of the previously announced refinancing of its Canadian and U.S. dollar denominated loan facilities on 28 February 2011. The new credit facility, in the amount of USD 82.0 million, is comprised of a term loan of USD 72.0 million and a USD 10.0 million revolving loan, which is currently undrawn.

Acadian Timber Corp. is a leading supplier of primary forest products in eastern Canada and the northeastern United States. With a total of 2.4 million acres of land under management, Acadian is the second largest timberland operator in New Brunswick and Maine.

Acadian owns and manages approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine, and provides management services relating to approximately 1.3 million acres of Crown licensed timberlands. Acadian also owns and operates a forest nursery in Second Falls, New Brunswick. Acadian's products include softwood and hardwood sawlogs, pulpwood, and biomass by-products, sold to more than 100 regional customers. Acadian’s shares are listed for trading on the Toronto Stock Exchange under the symbol ADN.