Conifex Announces Agreement in Principle to Extend Note Maturity and Corporate Change

Additionally, Conifex announces that it has revised its management structure and eliminated the Chief Operating Officer position in order to, among other things, streamline operations and provide for more direct-line reporting.

About Conifex Timber Inc.

Conifex and its subsidiaries’ primary business currently includes timber harvesting, reforestation, forest management, and the manufacture, sale and distribution of its products. Conifex’s lumber products are sold in the United States, Chinese, Canadian and Japanese markets. Upon completion of its bioenergy facility at Mackenzie, British Columbia, Conifex’s business sectors will be expanded to include bioenergy.

Forward-Looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.