CFM Corporation Provides an Update on Timing of Release of Audited Financial Results.

MISSISSAUGA, Ontario -- CFM Corporation (TSX:CFM) (the "Company" or "CFM") announced today that it will not meet the February 18, 2005 filing deadline for its audited annual financial statements and related management's and discussion and analysis and annual information form for its fiscal year ended October 2, 2004. Completion of the audit has been delayed in part as a result of additional time and audit work required to audit the conversion of certain of the Company's financial operating systems within its mass merchant operations that occurred during fiscal 2004 as part of the Company's restructuring initiatives. The Company anticipates filing its audited annual financial statements no later than February 28, 2005.

As previously announced, the Company anticipates that it will be able to file its first quarter 2005 financial results by March 31, 2005.

This press release contains forward looking statements that involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such forward looking statements. Important factors that could affect these statements include, without limitation, general economic conditions, consumer confidence, the level of housing starts and demographics, CFM's ability to develop new products, patent protection, weather and related customer buying patterns and manufacturing issues, industry capacity, product liability, availability of gas and gas prices, mass merchant consolidation, credit and collections, supply and cost of raw materials, steel availability and pricing, purchased parts and personnel, costs of certain employee benefits, the inability to increase selling prices as costs increase, competition, foreign currency fluctuations and government regulation. These factors and other risks and uncertainties are discussed in detail in CFM's Annual Information Form dated February 9, 2004 and in the reports and disclosure documents filed by CFM with Canadian and U.S. securities regulatory authorities and commissions. Statements made in this press release are made as of February 16, 2005 and CFM disclaims any intention or obligation to update or revise any statements made herein, whether as a result of new information, future events or otherwise.

CFM is a leading integrated manufacturer of home products and related accessories in North America and the United Kingdom. CFM designs, develops, manufactures and distributes a line of hearth and space heating products, barbecue and outdoor products and water and air purification products. CFM maintains an ongoing program of research and development aimed at continually improving the quality, design, features and efficiency of its products.