Mr. Jon Baird reports

CANFOR ANNOUNCES VOTING RESULTS FOR THE ELECTION OF DIRECTORS

Canfor Corp., in accordance with Toronto Stock Exchange requirements, has released the voting results from its annual general meeting held Wednesday, May 3, 2023, in Vancouver, B.C.

A total of 103,638,091 common shares were voted at the meeting, representing 85.61 per cent of the votes attached to all outstanding shares. Shareholders voted in favour of all items of business before the meeting, including the election of all director nominees, as shown in the attached table.

Detailed voting results for the meeting are available on SEDAR. The figures in the attached table are based on proxies voted for and percentage of votes for at the meeting.

We seek Safe Harbor.

About Canfor Corp.

Canfor is a global leader in the manufacturing of high-value low-carbon forest products, including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets, and green energy. Proudly headquartered in Vancouver, B.C., Canfor produces renewable products from sustainably managed forests, at more than 55 facilities across its diversified operating platform in Canada, the United States and Europe. The company has a 70-per-cent stake in Vida AB, Sweden's largest privately owned sawmill company, and also owns a 54.8-per-cent interest in Canfor Pulp Products Inc. Canfor shares are traded on the Toronto Stock Exchange under the symbol CFP.