Mr. Trevor Pruden reports

CONIFEX ANNOUNCES THIRD QUARTER 2025 RESULTS CONFERENCE CALL AND PROVIDES CORPORATE UPDATE

Conifex Timber Inc. plans to release its third quarter 2025 results before market open on Friday, Nov. 14, 2025. Conifex has scheduled a conference call at 8 a.m. Pacific Time/11 a.m. Eastern Time on Nov. 14, 2025, to discuss its financial results. To participate in the call, please dial one of the following numbers.

Toll-free access (Canada/United States):  1-877-704-4453

Local dial-in number:  1-201-389-0920

The call will also be available on instant replay until Nov. 28, 2025. For instant replay access, please dial the following number and enter access ID 13755952 followed by the number sign.

Toll-free access:  1-844-512-2921 or 1-412-317-6671

Conifex also announced today that PenderFund Capital Management Ltd. has, following its internal diligence procedures, increased the aggregate principal amount available to Conifex under its existing credit facility by $4.0-million. Following the increase, the aggregate principal amount available under the facility will be approximately $35-million, subject to certain conditions.

Conifex expects to repay the additional amount from a combination of cash released from working capital coupled with the proceeds of one or more additional financings. There is no guarantee that additional financing will be available to Conifex on reasonable terms, if at all.

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 U.S., Canadian and Japanese markets. Conifex also produces bioenergy at its power generation facility at Mackenzie, B.C.

We seek Safe Harbor.