VANCOUVER, May 6 /CNW/ - Canfor Corporation (TSX:CFP) announces that it has entered into an agreement with Northwest Specialty Lumber to sell the Valemount sawmill and associated tenure for $3,000,000 plus the value of inventory. The transaction is subject to customary closing conditions and is expected to close before the end of May 2005. Canfor Corporation is a leading Canadian integrated forest products company based in Vancouver, British Columbia. The Company has extensive woodlands operations and manufacturing facilities in British Columbia, Alberta and Quebec and a lumber remanufacturing plant in Washington State. Canfor is a major producer and supplier of lumber, bleached kraft pulp, specialty kraft paper, plywood and oriented strand board (OSB) for markets around the world.