Mr. Adam Sheparski reports

ACADIAN TIMBER CORP. ANNOUNCES ACQUISITION OF HARVESTING OPERATIONS IN MAINE

Timber Corp. has signed an agreement to purchase assets of A & A Brochu LLC and its affiliates for a total price of $4.8-million (U.S.). The assets include harvesting, trucking and road building equipment, as well as related real estate, in the Millinocket, Me., region.

"We are pleased with the opportunity to purchase this turnkey operation," commented Adam Sheparski, president and chief executive officer. "A & A Brochu has provided contractor services to Acadian for many years. The transaction will address the historical harvesting capacity challenges in Maine and enable greater control over costs as well as sustainable forestry practices, while allowing Acadian to invest in the communities in which we live and work."

The asset purchase agreement was signed on Feb. 10, 2025, and the transaction is expected to close during the first quarter of 2025.

Acadian 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 775,000 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 primary business is forest management and the production of timber products, including softwood and hardwood sawlogs, pulpwood, and biomass byproducts, sold to approximately 90 regional customers. Acadian also focuses on generating income through other opportunities, including real estate and environmental solutions.

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.

Acadian's shares are listed for trading on the Toronto Stock Exchange under the symbol ADN.

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