Conifex Announces Further Extension of COVID-19 Curtailment

Conifex Timber Inc. (“Conifex”) announced that it will further extend the temporary curtailment of operations at its Mackenzie, British Columbia sawmill for an additional five weeks to July 6, 2020, as the impacts of the COVID-19 pandemic continue to adversely affect global demand for forest products. During this time, Conifex will also work with relevant participants towards securing a more affordable sawlog supply capable of supporting the sawmill’s re-start as planned.

The curtailment is not expected to impact bioenergy operations.

Conifex will continue to closely monitor evolving market conditions, customer demand and the global COVID-19 response while prioritizing employee health and safety considerations.

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 also produces bioenergy at its power generation facility at Mackenzie, BC.

Contact:

Jordan Neeser – CFO – (604) 216-6825

Source: Conifex Timber Inc.