Mr. Trevor Pruden reports

CONIFEX ANNOUNCES SECOND QUARTER 2026 RESULTS CONFERENCE CALL AND PROVIDES CORPORATE UPDATE

Conifex Timber Inc. plans to release its second quarter 2026 results before market open on Friday, Aug. 14, 2026. Conifex has scheduled a conference call at 9 a.m. Pacific Time/12 p.m. Eastern Time on Aug. 14, 2026, to discuss its financial results. To participate in the call, please dial one of the following numbers:

Toll-free access (Canada/United States):  1-877-883-0383

Participant elite entry number:  1677278

A copy of the call transcript will be available upon request.

Conifex also announced today that it has secured additional bridge financing from its existing lumber business lender, while it continues to progress funding opportunities from government funding initiatives. There can be no guarantee that additional financing from these initiatives will be available to Conifex on reasonable terms, or at all.

Conifex continues to assess the optimal timing and plan for the restart of its sawmill, planer and power operations. The restart of Conifex's Mackenzie operations has taken longer than previously anticipated, reflecting, among other things, the additional time required to advance the government funding processes, together with the transition of Conifex's log harvesting program from its traditional northern summer program to a southern truck-haul program, the timing of which is dependent on weather conditions and other operational factors.

"We recognize the impact this extended downtime has meant for our employees, the community of Mackenzie, local first nations and our other stakeholders, and we appreciate their continued patience and support," said Andrew McLellan, president and chief operating officer. "The additional bridge from our existing lender provides important financial support while we continue to advance the government financing initiatives. We remain focused on restarting our Mackenzie operations in a manner that supports the long-term sustainability of our business, which is the best outcome for our employees, forest-dependent communities, shareholders and our other partners."

About Conifex Timber Inc.

Conifex's primary business 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.

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