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Three groups join forces to conserve 2,100 acres of Hood Canal forest

Contacts:

Jon Rose,
Pope Resources,
360-697-6626,
jon@orminc.com

Aaron Toso,
Washington State Department of Natural Resources,
360-902-1023,
aaron.toso@dnr.wa.gov

Nicole Hill,
Cascade Land Conservancy,
360-250-3978,
nicoleh@cascadeland.org

Three groups join forces to conserve

2,100 acres of Hood Canal forest

Bremerton, WA  -- More than 2,100 acres of commercial forestland in the Hood Canal Watershed will be permanently protected from residential development through the cooperation of the Washington State Department of Natural Resources (DNR), Pope Resources and the Cascade Land Conservancy.

DNR has entered into a Purchase and Sale Agreement to acquire a Forest Legacy Conservation Easement from Pope Resources on Kitsap and Mason County forestland, creating a contiguous block of working forest between the Green Mountain and Tahuya State Forests to the north and south and backing up to the Bremerton watershed to the east.

Cascade Land Conservancy worked with DNR and the Washington congressional delegation to secure the Federal Forest Legacy grant. DNR will use the grant money to purchase the Conservation Easement from Pope Resources for approximately $3.3 million. Working together, all three organizations have collaborated to facilitate the transaction and develop the terms of the easement, ensuring working forest lands and habitat for wildlife.

The Forest Legacy program is a nationwide program designed to prevent the conversion of working forests to non-forest uses, such as conversion to residential lots. In Washington State, the program’s focus includes retention of forest management opportunities, preservation of wildlife habitat, and protection of water quality. The Legacy program in Washington State is one of the most active in the nation, counting over 31,700 acres of forest land protected from future conversion to other uses.

“Cascade Land Conservancy is a national pioneer in the conservation of working forests working with progressive organizations like Pope Resources and the Washington Department of Natural Resources,” said Gene Duvernoy, President, Cascade Land Conservancy. “We know that when conservation makes economic sense, we are able to save more critical landscapes and make sure that they stay conserved over the long-run. Hood Canal is a regional icon and a national treasure. It will have a stronger future because of the conservation of these 2,100 acres of working lands today and the redoubling of our work to conserve the surrounding working forestland in the years ahead.”

David Nunes, president and CEO of Pope Resources, added “This project is a great example of partnering with conservation and government to deliver the potential value of development to our unitholders without having to disturb a landscape that has traditionally been utilized for growing trees. We are pleased to see these lands remain as working forest and look forward to working with the Cascade Land Conservancy and the Washington Department of Natural Resources again in the future.”

“This project puts a solution into action that will protect working forestland from conversion. It also puts DNR in a better position to continue managing nearby state lands for trust revenue, wildlife habitat, recreation, and to provide clean water,” said Commissioner of Public Lands Peter Goldmark, who leads DNR.

This project is one of the five successful Forest Legacy projects Cascade Land Conservancy has recently undertaken in partnership with DNR – in Hood Canal, Yakima River, the Skykomish River, Green River, and Carbon River areas. CLC and DNR will continue collaborating on additional Forest Legacy projects in the future.

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About the CLC: Cascade Land Conservancy fills a unique niche as Washington’s largest land conservation, stewardship and community building organization dedicated solely to this region. For over 20 years, The Conservancy has led efforts to conserve more than 160,000 acres of forests, farms, shorelines, parks and natural areas. It has partnered with dozens of communities across the region to protect and restore our neighborhood trails and parks and helped cities make smart choices about future growth. For more information please visit: Cascade Land Conservancy fills a unique niche as Washington’s  largest land conservation, stewardship and community building organization dedicated solely to this region. For over 20 years, The Conservancy has led efforts to conserve more than 160,000 acres of forests, farms, shorelines, parks and natural areas. It has partnered with dozens of communities across the region to protect and restore our neighborhood trails and parks and helped cities make smart choices about future growth. For more information please visit: www.cascadeland.org.

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About Pope Resources: Pope Resources, a publicly traded limited partnership, and its subsidiaries Olympic Resource Management and Olympic Property Group, own or manage nearly 140,000 acres of timberland and development property in Washington. In addition, we offer our forestry consulting and timberland investment management services to third-party owners and managers of timberland in Washington, Oregon, and California. We also manage, co-invest in, and consolidate two timberland investment funds that we manage for a fee. The company and its predecessor companies have owned and managed timberlands and development properties for more than 150 years. Additional information on the company can be found at www.poperesources.com. The contents of our website are not incorporated into this release or into our filings with the Securities and Exchange Commission. Pope Resources, a publicly traded limited partnership,  and its subsidiaries Olympic Resource Management and Olympic Property Group, own or manage nearly 140,000 acres of timberland and development property in Washington. In addition, we offer our forestry consulting and timberland investment management services to third-party owners and managers of timberland in Washington, Oregon, and California. We also manage, co-invest in, and consolidate two timberland investment funds that we manage for a fee. The company and its predecessor companies have owned and managed timberlands and development properties for more than 150 years. Additional information on the company can be found at www.poperesources.com. The contents of our website are not incorporated into this release or into our filings with the Securities and Exchange Commission. www.poperesources.com. The contents of our  website are not incorporated into this release or into our filings with the Securities and Exchange Commission.

About DNR: DNR manages about 3 million acres of state-owned trust lands for revenue to trust beneficiaries including public schools, universities and services in several counties. The agency also manages about 2.6 million acres of aquatic lands, including the bedlands under Puget Sound. Peter Goldmark, who administers DNR, is Washington’s 13th Commissioner of Public Lands since statehood in 1889 and the first commissioner from Eastern Washington.

DNR manages about 3 million acres of state-owned trust lands for

revenue to trust beneficiaries including public schools, universities and services in several counties. The agency also manages about 2.6 million acres of aquatic lands, including the bedlands under Puget Sound. Peter Goldmark, who administers DNR, is Washington’s 13th Commissioner of Public Lands since statehood in 1889 and the first commissioner from Eastern Washington.

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