Mr. Kevin Edgson reports

CANFOR PULP TEMPORARILY CURTAILING NORTHWOOD PULP MILL DUE TO ONGOING LABOUR DISPUTE AT B.C. PORTS

Canfor Pulp Products Inc. will curtail its Northwood pulp mill in Prince George, effective July 13, 2023. The curtailment is due to limited storage space for pulp products that cannot be transported overseas as a result of the continuing labour dispute at B.C. ports. The downtime is expected to remain in place for the duration of the labour dispute and will remove approximately 11,000 tonnes of market kraft pulp per week.

"We are urging the federal government to take action to bring a swift end to the labour dispute at the ports of Vancouver and Prince Rupert. As a result of the strike, we are unable to ship approximately 70 per cent of our pulp products to customers in Asia," said Kevin Edgson, president and chief executive officer, Canfor Pulp. "We regret that our Northwood employees are being impacted as a result of a separate labour dispute, and we recognize the effect it will have on them, their families, our suppliers and the community."

About Canfor Pulp Products Inc.

Canfor Pulp is a leading global supplier of pulp and paper products with operations in the Central Interior of British Columbia. Canfor Pulp owns and operates three mills in Prince George, B.C., with a total capacity of 780,000 tonnes of premium reinforcing northern bleached softwood kraft (NBSK) pulp and 140,000 tonnes of kraft paper. Canfor Pulp shares are traded on the Toronto Stock Exchange under the symbol CFX.

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