Conifex Announces COVID-19 Response Measures

Conifex Timber Inc. announced steps it has taken in response to the COVID-19 pandemic to protect the health and safety of its employees and to respond to rapidly changing market conditions.

The heath and safety of our employees, contractors and their families is our top priority. In addition to adhering to public health directives, we have implemented a pandemic contingency plan to guide our employees, contractors, visitors, facilities and operations. Our plan includes restricting access to our offices and operation sites, restricting business travel, mandating self-isolation for anyone who has travelled, is exhibiting symptoms or has been exposed to the virus, practicing appropriate social distancing at our premises and increasing the frequency and emphasis on cleaning and sanitizing.

We will continue to rely on guidance and recommendations from local health authorities as the health-crisis develops.

The COVID-19 pandemic is also impacting global demand for forest products. In response, effective April 6, 2020, we will temporarily curtail operations at our Mackenzie, British Columbia sawmill for two weeks. The curtailment is not expected to have any adverse consequence on our bioenergy operations.

The COVID-19 situation is rapidly evolving. We may need to make further adjustments to our operating plans as a result.

About Conifex Timber Inc.

Conifex and its subsidiaries’ primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution. Conifex’s lumber products are sold in the United States, Chinese, Canadian and Japanese markets. Conifex has expanded its operations to include bioenergy production following the commencement of commercial operations of its power generation facility at Mackenzie, BC.

Source:

Jordan Neeser – Chief Financial Officer – jordan.neeser@conifex.com – (604) 216-6825

Source: Conifex Timber Inc.