Forestar Group Inc. (NYSE: FOR) will release its results for fourth quarter and full year 2010 on February 1, after the market closes.

The company will host a conference call on February 2, 2011 at 10:00 a.m. ET to discuss results of fourth quarter and full year 2010.

To access the conference call, listeners calling from North America should dial 1-866-356-3095 at least 15 minutes prior to the start of the call. Those wishing to access the call from outside North America should dial 1-617-597-5391. The passcode is Forestar. Replays of the call will be available for two weeks following the completion of the live call and can be accessed at 1-888-286-8010 in North America and at 1-617-801-6888 outside North America. The passcode for the replay is 14712043.

The conference call may also be accessed through Forestar Group's Internet site, www.forestargroup.com, by clicking on "Investor Relations – Investor Events".

About Forestar Group

Forestar Group Inc. operates in three business segments: real estate, mineral resources and fiber resources. The real estate segment owns directly or through ventures almost 232,000 acres of real estate located in nine states and twelve markets in the U.S. The real estate segment has 18 real estate projects representing over 29,600 acres currently in the entitlement process, and 76 entitled, developed and under development projects in seven states and eleven markets encompassing over 16,800 acres, comprised of almost 29,200 residential lots and over 2,600 commercial acres. The mineral resources segment manages about 607,000 net acres of oil and gas mineral interests. The fiber resources segment includes the sale of wood fiber and management of our recreational leases. The company also has a 45% nonparticipating royalty interest in groundwater produced or withdrawn for commercial purposes from approximately 1.4 million acres in Texas, Louisiana, Georgia and Alabama. Forestar's address on the World Wide Web is www.forestargroup.com.

Forward-looking Statements

This release contains ?forward-looking statements? within the meaning of the federal securities laws. These statements reflect management's current views with respect to future events and are subject to risk and uncertainties. We note that a variety of factors and uncertainties could cause our actual results to differ significantly from the results discussed in the forward-looking statements. Factors and uncertainties that might cause such differences include, but are not limited to: general economic, market, or business conditions; the opportunities (or lack thereof) that may be presented to us and that we may pursue; fluctuations in costs and expenses including development costs; demand for new housing, including impacts from mortgage credit availability; lengthy and uncertain entitlement processes; cyclicality of our businesses; accuracy of accounting assumptions; competitive actions by other companies; changes in laws or regulations; and other factors, many of which are beyond our control. Except as required by law, we expressly disclaim any obligation to publicly revise any forward-looking statements contained in this news release to reflect the occurrence of events after the date of this news release.

Forestar Group Inc.
Chris L. Nines, 512-433-5210