Ms. Susan Wood reports

NOTICE OF 2024 FIRST QUARTER RESULTS CONFERENCE CALL AND WEBCAST FOR INVESTORS AND ANALYSTS AND ANNUAL MEETING OF SHAREHOLDERS

Acadian Timber Corp. will release its 2024 first quarter results after market close on Wednesday, May 8, 2024, which will be available on its website under "press releases." The release will be followed by a conference call and webcast on Thursday, May 9, 2024, at 1 p.m. ET to discuss with members of senior management the company's financial and operating results.

To participate in the first quarter conference call please register on-line 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 first quarter conference call will also be webcast live on its website. For those unable to participate, a recorded rebroadcast will be available until 4 p.m. Eastern Time on May 9, 2025.

You are also invited to Acadian Timber's virtual annual meeting of shareholders on Thursday, May 9, 2024, at 11 a.m. Eastern Time.

To attend the virtual annual meeting of shareholders, please visit a link available in the original version of this news release. The conference meeting ID is: 1586. The meeting will be archived on the company's website for future reference. For further information regarding the annual meeting of shareholders and voting instructions, please refer to the company's latest management information circular available on its website under "other disclosure documents."

If you have any questions about the first quarter conference call or annual meeting of shareholders, 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 U.S. and has a total of approximately 2.4 million acres of land under management. Acadian owns and manages approximately 777,000 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. Acadian also develops carbon credits for sale in voluntary carbon credit markets.