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Acadian Timber Corp TSX: ADN-T

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Acadian Timber Corp. Announces Election of Directors

GlobeNewswire - Fri May 7, 11:02AM CDT

Acadian Timber Corp. (TSX:ADN.TO) ("Acadian Timber" or the "Company") announced that the nominees listed in the management proxy circular for the 2021 Annual Meeting of Shareholders were elected as directors of the Company. Detailed results of the votes by proxy for the election of directors held at the Annual Meeting of Shareholders today in Edmundston are set out below.

Nominee             Votes For  % For    Votes Withheld % Withheld
Malcolm Cockwell    10,301,396 98.11 %  198,489        1.89  %
Heather Fitzpatrick 10,289,743 98.00 %  210,142        2.00  %
Karen Oldfield      10,459,509 99.62 %  40,376         0.38  %
Erika Reilly        10,471,164 99.73 %  28,721         0.27  %
Bruce Robertson     10,463,232 99.65 %  36,653         0.35  %

About Acadian Timber

Acadian Timber Corp. ("Acadian", the "Company" or "we") is one of the largest timberland owners in Eastern Canada and the Northeastern U.S. and has a total of approximately 2.4 million acres of land under management. Acadian owns and manages approximately 761,000 acres of freehold timberlands in New Brunswick ("New Brunswick Timberlands" or "NB Timberlands"), approximately 300,000 acres of freehold timberlands in Maine ("Maine Timberlands") and provides timber services relating to approximately 1.3 million acres of Crown licensed timberlands in New Brunswick. Acadian's products include softwood and hardwood sawlogs, pulpwood and biomass by-products, sold to approximately 90 regional customers.

Acadian's business strategy is to maximize cash flows from its existing timberland assets through sustainable forest management and other land use activities while growing its business by acquiring assets on a value basis and actively managing these assets to drive improved performance.

Acadian's shares are listed for trading on the Toronto Stock Exchange under the symbol ADN.

For further information, please visit our website at www.acadiantimber.com or contact:

Adam Sheparski
Chief Financial Officer
Tel:        506-737-2345
Email:      ir@acadiantimber.com

https://ml.globenewswire.com/media/24c09ffd-0f31-4a4d-9857-d9662f4f5062/small/acadian-horizontal-jpg.jpg

https://ml.globenewswire.com/media/24c09ffd-0f31-4a4d-9857-d9662f4f5062/small/acadian-horizontal-jpg.jpg

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