Ms. Susan Wood reports

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

Acadian Timber Corp. will release its 2023 third quarter results after market close on Wednesday, Nov. 1, 2023, which will be available on its website under "Press Releases." The release will be followed by a conference call and webcast on Thursday, Nov. 2, 2023, at 1 p.m. (Eastern Time) to discuss with members of senior management the company's financial and operating results.

To participate in the third quarter conference call, or follow the link on the company's website to receive your unique PIN. The media and investing public may access this conference call via a listen-in mode only. The third quarter conference call will also be webcast live on the 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) Nov. 2, 2024.

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

About Acadian Timber Corp.

Acadian Timber 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, 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.