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GreenWood Resources China Announces the Completion of Two Investments in Jiangxi, China

Wed, 01/12/2011

For immediate release
12 January 2011

GREENWOOD RESOURCES CHINA ANNOUNCES THE COMPLETION
OF TWO INVESTMENTS IN JIANGXI, CHINA

Beijing, China – January 11, 2012 – GreenWood Resources China, Ltd. (“GWR China”), the joint venture partner and manager of Green China Forestry Co., Limited (“GCFC”), is pleased to announce that GCFC, through its subsidiary in China Green China (Jiangxi) Forestry Co., Ltd (“GCJ”), recently acquired two forestry plantations in Jiangxi, China. The total investment is approximately $13.2 million (RMB88 million) with assets consisting of pine, fir and other species.

“These acquisitions represent the continuation of our timber investment strategy in China, and we are pleased by our investors’ continued confidence in this strategy. We believe that creating an investment grade portfolio of timber assets, through proper acquisition due diligence, professional forest management, and environmental stewardship is a winning formula for our investors and China’s forestry industry.” said Brian Liu, Vice President and General Manager of GWR China and General Manager of GCJ.

Contact:
Jeff Nuss
President and CEO
GreenWood Resources, Inc.
[email protected]

Brian Liu
Vice President and General Manager
GreenWood Resources China, Ltd.
[email protected]

About GreenWood Resources China, Ltd.
GreenWood Resources China, Ltd. (“GWR China”) is a subsidiary of GreenWood Resources, Inc. (“GWR”). GWR is a global company focused on the development and management of high yield fast growing tree farm assets and has operations in North America, South America, Europe and Asia. GWR’s core competencies – capital/investment management, superior plant material, tree improvement methodologies, tree farm operations and sales and marketing – uniquely address the broad skills required to produce superior, risk-adjusted returns for investments into intensively managed tree farms. (www.greenwoodresources.com)

About Green China Forestry Co., Limited
Green China Forestry Co., Limited (“GCFC”), is a joint venture between Phaunos Timber Fund Limited (www.phaunostimber.com) and GWR China. GWR China and its China subsidiaries are the company and property managers of GCFC group of companies.

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