VANCOUVER, British Columbia, Oct. 29 /PRNewswire/ -- Brookfield Timberlands Management LP ("Brookfield Timberlands"), a wholly owned subsidiary of Brookfield Asset Management Inc. (NYSE: BAM; TSX), is pleased to announce the release of our third quarter 2008 global timberlands research report. Brookfield Timberlands' research reports have been initiated in response to a growing interest in timberlands as an asset class by an increasingly broad group of investors seeking superior long term risk adjusted returns. Our third quarter report focuses on the implications of current financial market turmoil for timberland investing and contrasts private and public timberland valuations. Forestweb, a premium resource for information across every venue that impacts timberland management and investing, is a proud sponsor of Brookfield Timberlands' quarterly global timberlands report and has made this report available at http://www.forestweb.com/Corporate/brookfield.cfm. To have the quarterly report emailed directly to you, and to register to receive future reports immediately upon publication, sign up at http://www.forestweb.com/Corporate/brookfield.cfm Brookfield Timberlands Management LP has 2.5 million acres or approximately $3.7 billion of timberlands under management in North and South America. Brookfield Asset Management Inc. is a global asset manager focused on property, power and other infrastructure assets with approximately US$95 billion of assets under management. Forestweb, whose member clients collectively manage more than 53 million acres of timberlands, is an Industry Intelligence group company. Industry Intelligence Inc. is an information and technology company that delivers real-time market intelligence to clients worldwide. We manage and deliver business news, data, analysis and opinion to get the right information to the right people at the right time. To learn how Forestweb serves clients in the forest products sector, visit http://www.forestweb.com/. To learn about the other verticals we serve, please visit http://www.industryintel.com/, or contact us at 1801 Ave of the Stars, Ste 520, Los Angeles, CA 90067, 310-553-0008, . DATASOURCE: Forestweb CONTACT: Reid Carter, Managing Partner of Brookfield Timberlands Management LP, +1-604-661-9142; or Ola Jane Gow, VP Marketing of Forestweb, Inc., +1-310-553-0008 Web Site: http://www.forestweb.com/ http://www.industryintel.com/

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