Mr. Trevor Pruden reports

CONIFEX ANNOUNCES FIRST QUARTER 2026 RESULTS CONFERENCE CALL AND PROVIDES OPERATIONAL UPDATE

Conifex Timber Inc. plans to release its first quarter 2026 results before the market open on Friday, May 15, 2026. Conifex has scheduled a conference call at 9 a.m. Pacific Time (12 p.m. Eastern Time) on May 15, 2026, to discuss its financial results. To participate in the call, please dial the following number.

Toll-free access (in Canada and the United States):  1-877-883-0383

Access ID:  7015878

A transcript of the call will be available upon request at investorrelations@conifex.com.

Conifex also announced today that it will temporarily curtail sawmill operations at its Mackenzie, B.C., facility for an approximately seven-week period commencing May 19, 2026, with a target restart in July, 2026.

This planned sawmill curtailment is primarily driven by log inventory levels and fibre availability, in conjunction with seasonal logging breakup conditions impacting supply across the British Columbia Interior. Logging operations are expected to resume in early June, subject to, among other things, weather conditions. The curtailment represents an approximately 25 million board feet supply impact.

The company continues to advance initiatives under way to broaden its available financing options.

Conifex remains committed to the Mackenzie region, its employees and its customers, and will continue to monitor conditions closely.

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, B.C.

We seek Safe Harbor.