Mr. Kevin Edgson reports

CANFOR PULP ANNOUNCES SALE AGREEMENT FOR TAYLOR PULP SITE

Canfor Pulp Products Inc. has entered into an asset purchase agreement to sell its Taylor BCTMP (bleached chemical thermo-mechanical pulp) mill site for a price of $7-million.

"I am very pleased we have reached an agreement to sell our assets in Taylor, B.C., to a new owner that is committed to repurposing the site and developing a long-term plan which will benefit the community," said Kevin Edgson, president and chief executive officer, Canfor Pulp.

The transaction is subject to customary closing conditions, with closing expected to occur during the first quarter of 2024. Further details will be shared upon completion of the sale.

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. The company's shares are traded on the Toronto Stock Exchange under the symbol CFX.

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