Ms. Susan Wood reports

NOTICE OF 2023 SECOND QUARTER RESULTS CONFERENCE CALL AND WEBCAST FOR ANALYSTS AND INVESTORS

Acadian Timber Corp. will release its second quarter 2023 results after market close on Wednesday, July 26, 2023, which will be available on its website under press releases. The release will be followed by a conference call and webcast on Thursday, July 27, 2023, at 1 p.m. Eastern Time, to discuss with members of senior management its financial and operating results.

To participate in the second quarter conference call, please register, or follow the link on its website to receive your unique PIN. The media and investing public may listen to this conference call through a listen-in mode only. The second quarter conference call will also be webcast live on its website, where it will be archived for future reference. For those unable to attend, a recording will be available until 4 p.m. Eastern Time on Aug. 26, 2023.

If you have any questions about the second quarter conference call, please contact Susan Wood, chief financial officer, at 1-506-737-2345 or ir@acadiantimber.com.

Acadian Timber (Toronto Stock Exchange: ADN) is one of the largest timberland owners in Eastern Canada and the northeastern United States, and has a total of approximately 2.4 million acres of land under management. Acadian owns and manages approximately 761,000 acres of freehold timberlands in New Brunswick and approximately 300,000 acres of freehold timberlands in Maine, and provides timber services relating to approximately 1.3 million acres of Crown licensed timberlands in New Brunswick. Acadian's products include softwood and hardwood sawlogs, pulpwood, and biomass byproducts, sold to approximately 90 regional customers.

Acadian's business strategy is to maximize cash flows from its existing timberland assets through sustainable forest management and other land use activities while expanding its business by acquiring assets and actively managing these assets to drive improved performance.