On Monday, August 1, 2016 at 4:45:08 PM UTC-7, wrote:
About 3/4ths of my basement is finished into a family room, the remaining 1/4 has
been walled off for my wood shop...
Can I install some kind of exhaust fan to vent those odors and fume to the outside
without affecting my heating and air conditioning

Back when taverns allowed smoking, there were boxes on the ceiling that
filtered the smoke out. Electrostatic air cleaners, they glommed dust and odors
with ion generators. Every so often you had to put the 'filter' elements through a
dishwasher. Home units were available to bolt into your air-handler.
http://www.carrier.com/residential/en/us/products/indoor-air-quality/air-purifiers/pgapa/

Not sure how economic they are, though. There's also "heat recovery ventilator" systems
that do the task you have in mind, more efficiently than just opening a window.http://www.carrier.com/residential/en/us/products/indoor-air-quality/ventilators/ervxxnva1090/

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