Acadian Timber Corp. announced that, in connection with the sale by Brookfield Asset Management Inc. of 100% of its interest in Acadian to Macer Forest Holdings Inc., it has made changes to its Board of Directors. Benjamin Vaughan has resigned from his position as Chairman of Acadian's Board, effective immediately. Malcolm Cockwell, current director of Acadian and a principal of Macer, has assumed the role of Chairman of Acadian's Board. Dr. Peter Schleifenbaum, a PhD in forestry and forest economics with over 30-years of experience in the North American hardwood sector, has been appointed as a director of Acadian. Heather Fitzpatrick, the Chief Executive Officer of Halmont Properties Corporation, has also been appointed as a director of Acadian. Ms. Fitzpatrick is a Chartered Professional Accountant, experienced in the management and development of forest properties. In addition, Acadian and its lender, Metropolitan Life Insurance Company, have entered into an amendment to the Acadian loan agreement, to, among other things, remove the requirement that BAM hold a minimum equity interest in Acadian. Brookfield Timberlands Management LP, is continuing to act as external manager to Acadian in accordance with the terms of the asset management agreement between Brookfield LP and Acadian.