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Conifex Timber Inc (CFF-T) Quote - Press Release

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Conifex Announces Closing of Sale of Fort St. James Sawmill

GlobeNewswire - Fri Nov 1, 3:45PM CDT

Conifex Timber Inc. ("Conifex") (TSX:CFF.TO) announced today that it has closed its previously announced transaction with Hampton Lumber for the sale of its Fort St. James sawmill and associated forest license. The consideration for the transaction, following certain customary adjustments, was approximately $38.6 million.

For further information, please contact:

Media Contact:                    Investor Contact:
Sandy Ferguson                    Yuri Lewis
VP Corporate Affairs and Business Chief Financial Officer
Development (778) 385-2750,       (778)-331-8687
Sandy.ferguson@conifex.com        yuri.lewis@conifex.com

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.

https://ml.globenewswire.com/media/778b9bc3-6ec8-4e21-a13f-54bb796ff625/small/conifex-jpg.jpg

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