Mr. Trevor Pruden reports

CONIFEX ANNOUNCES SECOND QUARTER 2023 RESULTS CONFERENCE CALL AND PROVIDES CORPORATE UPDATE

Conifex Timber Inc. is planning to release its second quarter 2023 results after market close on Wednesday, Aug. 9, 2023. Conifex has scheduled a conference call at 2:00 PM Pacific time / 5:00 PM Eastern time on the same day to discuss its financial results. To participate in the call, please dial one of the following numbers:

Toll-Free Access (Canada/US): 1-800-806-5484

Local dial-in number: 416-340-2217

Participant Pass Code: 6020746#

The call will also be available on instant replay until September 9, 2023. For Instant Replay Access, please dial the following number and enter Participant Pass Code 5198832#.

Toll-Free Access: 1-800-408-3053

Release of Sustainability Report

Conifex also announced today the release of its 2022 Sustainability Report, which can be found at www.conifex.com/sustainability.

"All of us at Conifex are pleased to present our 2022 Sustainability Report. We are proud to be part of an industry that is playing an important role in climate change mitigation, biodiversity conservation, community development, and reconciliation with Indigenous Peoples," said Ken Shields, Chairman and CEO.

Operations Update

We are also pleased to announce that we resumed normal lumber production operations on July 3rd, 2023, in line with our previously announced timeline for unscheduled downtime. We would like to thank our employees and the community for their continued support during this time.

The bioenergy facility has resumed power production after successfully completing a planned maintenance outage. For further information, please contact: Trevor Pruden

Chief Financial Officer

(604) 216-2949

About Conifex Timber Inc.

Conifex and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber finishing and distribution. Conifex's lumber products are sold in the United States, Canadian and Japanese markets. Conifex also produces bioenergy at its power generation facility at Mackenzie, BC.

We seek Safe Harbor.