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GreenWood Resources Announces Closure of the GreenWood Tree Farm Fund (GTFF) and the Acquisition of Three New Tree Farms in the Pacific Northwest

Wed, 08/08/2007

August 8, 2007: Portland, OR

GreenWood Tree Farm Fund L.P. (GTFF) has closed at its subscription target of $175,000,000. The fund has completed the purchase of three poplar tree farms totaling 17,000 acres along the mid and lower Columbia basin previously owned by GMO Renewable Resources forestry funds for a total purchase price of $35.6 million. Combined with the recently completed and announced (May 15th, 2007) acquisition from Potlatch Co. of 18,000 acre poplar tree farm near Boardman OR, these acquisitions bring GTFF’s total acreage to 35,000 acres.

GTFF is a private equity fund organized to acquire, develop and intensively manage fast-growing tree farms in North America, and to manufacture and market Forest Stewardship Council (FSC) certified products from these tree farms. GTFF is managed by GreenWood Resources of Portland, OR; International Forestry Investment Advisors, LLC of Cambridge, MA, and Malkin & Co. of New York City, NY. The Collins Companies of Portland OR, also an investor in the GTFF, will manufacture and market on behalf of the fund a line of fast-growing tree farm products under the trademark “Pacific Albus”.

“This acquisition is the continuation of our new venture to capitalize on a unique combination of leading-edge sustainable tree farm technologies, advanced manufacturing processes and world-class environmental certification here in the Pacific Northwest. We are pleased by the confidence our investors have demonstrated in this investment strategy. We believe that GTFF and subsequent funds will provide good environmental stewardship, create sustainable jobs and deliver extraordinary financial returns to our investors” said Jeff Nuss, President/CEO and founder of GreenWood Resources.

About GreenWood Resources, Inc.

GreenWood Resources specializes in technologically advanced hardwood tree farm management in North America, South America and China. To support this business, GreenWood Resources maintains a world-class tree improvement and nursery business providing superior plant material for tree farms under management. (www.greenwoodresources.com)

About IFIA

IFIA develops and implements innovative, socially responsible timberland investment strategies for sophisticated investors. (www.ifiallc.com)

About Malkin & Co.

Malkin & Co. and its affiliates have invested and built companies in the agriculture and agbio sectors for over 25 years. Among current positions is CellFor the leading reforestation germplasm company.

About The Collins Companies

The Collins Companies is a leader in the manufacturing and sales of FSC products and has over a 150 year legacy rooted in the relentless pursuit of innovative and sustainable utilization and applications of softwood and hardwood renewable resources. (www.collinswood.com)

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