Ms. Susan Wood reports

ACADIAN TIMBER CORP. ANNOUNCES ELECTION OF DIRECTORS

The nominees listed in the management proxy circular for the 2025 annual meeting of shareholders were elected as directors of Acadian Timber Corp. Detailed results of the votes for the election of directors held at the virtual annual meeting of shareholders on May 8, 2025, are set out in the attached table.

About Acadian Timber Corp.

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, 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 generates income through other operations, 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 growing 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.