Conifex Extends Temporary Curtailment at Mackenzie Operations in Q3

Conifex Timber Inc. (“Conifex”) announced that it is extending the temporarily curtailment of its Mackenzie, British Columbia sawmill operations for three weeks until September 3, 2019, due to continued high log costs and lumber market conditions.

“We regret the impact that the curtailment will have on our employees and the community”, said Kenneth Shields, Chair and CEO of Conifex. “We are exploring initiatives with the Ministry of Forests, Land, Natural Resource Operations and Rural Development, the District of Mackenzie, and other forest industry stakeholders to help enable us to sustain operations through the remainder of 2019”, added Mr. Shields.

The temporary curtailment, together with our curtailment announced in July, is expected to reduce Conifex’s British Columbia lumber output by approximately 25 million board feet in the third quarter.

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.

Contact:

Yuri Lewis – Chief Financial Officer – yuri.lewis@conifex.com – (778) 331-8687

Source: Conifex Timber Inc.