Conifex Provides Operational Updates

Conifex Timber Inc. (“Conifex”) (TSX: CFF) announced today that it will be temporarily curtailing its Mackenzie, British Columbia sawmill commencing February 21, 2023 for up to two weeks. Unsustainable inventory levels due to rail transportation challenges impacting the interior BC region have necessitated this step. Conifex will closely monitor its inventory levels and evolving transportation availability over this period as the rail network addresses operational impacts. It is anticipated that the temporary curtailment will impact production capacity by approximately 7 million board feet.

“The decision was difficult, and we regret the impact this may have on our employees, their families, and the community. We are working closely with our transportation partners towards reliable and consistent transport availability,” said Ken Shields, Chairman and CEO.

About Conifex Timber

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, Canadian and Japanese markets. Conifex also produces bioenergy at its power generation facility at Mackenzie, BC.

Contact:

Winny Tang – Chief Financial Officer – (604) 216-2949

Source: Conifex Timber Inc.