Mr. Paul Rivett reports

GREENFIRST ANNOUNCES RESULTS FROM ANNUAL GENERAL MEETING

Greenfirst Forest Products Inc. is providing the voting results for the election of its board of directors, which took place at the company's annual general meeting, which was held virtually on May 2, 2025. A total of 17,798,023 common shares were voted by proxy at the meeting, representing 78.74 per cent of the votes attached to all outstanding shares. The nominees listed in the management information circular dated March 26, 2025, were elected as directors of the company, and detailed results of the votes cast by proxy are set out below.

MOTIONS               Votes for   Percentage for

Paul Rivett          15,466,015            99.41%        
Bruce Berger         15,540,292            99.89%        
William G. Harvey    15,540,277            99.89%        
Michael Mitchell     15,540,277            99.89%        
Marty Proctor        15,466,000            99.41%        
Larry G. Swets Jr.   14,842,658            95.40%        

At the annual general meeting, shareholders also approved: (i) the setting of the number of directors at six; and (ii) the appointment of the auditor and authorization of the directors to fix the auditor's remuneration. Detailed voting results for the meeting are available on SEDAR+.

About Greenfirst Forest Products Inc.

Greenfirst Forest Products is a forest-first business, focused on sustainable forest management and lumber production. The company owns four sawmills located in rich wood baskets proudly operating over 6.1 million hectares of FSC certified public Ontario forestlands (FSC-C167905). The company believes that responsible forest practices, coupled with the long-term green advantage of lumber, provides Greenfirst with significant cyclical and secular advantages in building products.