Mr. Yuri Lewis reports

CONIFEX PROVIDES UPDATE ON MACKENZIE POWER PROJECT AND REVISES TIME FOR EARNINGS CALL

Conifex Timber Inc., further to its news release on Oct. 12, 2014, expects to complete repairs to the damaged equipment and commence commercial operations at the Mackenzie power project in the latter half of the first quarter of 2015, based on its current preliminary estimate and initial consultations with its contractors and original equipment vendors. Conifex currently expects that any additional carrying costs due to the delay of commercial operations and incremental costs associated with equipment repairs will be substantially covered under Conifex Power LP's insurance policies.

Revised time for third-quarter 2014 results conference call

Conifex also announced that it has revised the time for its third-quarter earnings call. Conifex will hold its earnings conference call on Wednesday, Nov. 5, 2014, at the revised time of 7:30 a.m. Pacific Time/10:30 a.m. Eastern Time, to discuss the third-quarter 2014 financial and operating results. To participate in the call, please dial 416-340-2216 or toll-free 866-225-0198. The call will also be available on instant replay access until Nov. 19, 2014, by dialling 905-694-9451 or 800-408-3053 and entering pass code 4728524 then the pound sign.

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