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Pope & Talbot Announces Extension to Lender Agreement
Portland, Oregon, USA 17 September 2007 --(BUSINESS WIRE)-- Pope & Talbot, Inc (Pink Sheets:PTBT - News) has agreed to an extension of its forbearance agreement with its senior secured lenders. The agreement will extend the company's access to liquidity provided by the revolving credit facility for an additional four weeks. The company will use this additional time to continue to explore options for improving its balance sheet, including but not limited to the sale of certain or all of the company's assets.

Pope & Talbot is a pulp and wood products business. The company is based in Portland, Oregon, and trades on the Pink Sheets under the symbol PTBT. Pope & Talbot was founded in 1849 and produces market pulp and softwood lumber at mills in the United States and Canada. Markets for the company's products include the United States, Europe, Canada, South America, and the Pacific Rim. For more information, visit www.poptal.com.

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