Potlatch Sells 24,800 Acres of Timberland in Arkansas

SPOKANE, Wash.--(Business Wire)--
Potlatch Corporation (NYSE:PCH) today announced the sale of approximately 24,800
acres of timberland in southwest Arkansas to an affiliate of the RMK Timberland
Group, a division of Regions Bank, for approximately $43.3 million, or $1,745
per acre.

The timberland, located near Prescott, Ark., is situated on the westerly and
southerly edge of Potlatch`s Arkansas land ownership and consists primarily of
stands of pre-merchantable timber. Following the sale, Potlatch will own
approximately 439,000 acres of timberland in Arkansas.

"The sale of these lands at the outer edge of our operating area in southwest
Arkansas captures a strong selling price in a strong timberland market, and
highlights the fundamental value of our assets," said Michael J. Covey,
chairman, president and CEO of Potlatch.

ABOUT POTLATCH

Potlatch is a Real Estate Investment Trust (REIT) with approximately 1.6 million
acres of timberland in Arkansas, Idaho, Minnesota and Wisconsin. Potlatch, a
verified forest practices leader, is committed to providing superior returns to
stockholders through long-term stewardship of its forest resources. The company
also conducts a land sales and development business and operates wood products
manufacturing facilities through its taxable REIT subsidiary.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements within the
meaning of the Private Litigation Reform Act of 1995 as amended. These
forward-looking statements are based on current expectations, estimates,
assumptions and projections that are subject to change, and actual results may
differ materially from the forward-looking statements. Factors that could cause
Potlatch's actual results to differ materially include those risks and
uncertainties described from time to time in Potlatch's public filings with the
Securities and Exchange Commission. Potlatch does not undertake to update any
forward-looking statements.

Potlatch Corporation
Media: Mark Benson, 509-835-1513
Investors: Eric Cremers, 509-835-1548

Copyright Business Wire 2009