Green Diamond Resource Company Announces Purchase of Sproul Creek Timberlands

On November 16, Green Diamond Resource Company finalized the purchase of the Sproul Creek tract of timberlands from Boyle Forests, LP. The tract is located southwest of Garberville, and contains approximately 9,400 acres. Our family is very pleased we reached an agreement with Green Diamond, a family owned, multi- generational timber company with a long history on the North Coast. We know they will be good stewards of these lands”, said a spokesman for Boyle. Prior to the sale Boyle Forests granted a conservation easement to the Northcoast Regional Land Trust that will preclude any future subdivision or development. “The Northcoast Regional Land Trust offers our gratitude to Boyle Forests for their donation of an easement that will forever prevent subdivision and development in a watershed recognized as one of the best Coho salmon strongholds in California,” said Dan Ehresman, NRLT Executive Director. Green Diamond will manage the property under its long term, property-wide agreements with the Department of Fish and Wildlife, the Regional Water Board, and under Forest Stewardship Council® standards. “Green Diamond is honored to purchase this tract. Boyle has done a great job restoring and managing these timberlands that include a very productive forest and a healthy watershed that is important to the South Fork Eel system,” said Green Diamond Vice President and General Manager Neal Ewald. “We look forward to incorporating this tract into our California Timberlands in Humboldt and Del Norte Counties.”

Contact:

Gary Rynearson – grynearson@greendiamond.com – (707) 496-1941

Source: Green Diamond Resource Company