Conifex Timber Inc. ("Conifex", "we" or "us") (TSX: CFF) today reported results for the second quarter ended June 30, 2018. EBITDA in the second quarter of 2018, which excludes countervailing and anti-dumping duty deposits of $8.2 million, was a record $20.8 million, compared to $9.3 million in the first quarter of 2018 and $10.2 million in the second quarter of 2017. Compared to the previous quarter, lumber segment EBITDA improved by $12.0 million in the second quarter. Compared to the second quarter of 2017, lumber segment EBITDA improved by $8.5 million and bioenergy segment EBITDA by $0.6 million.

Today, Blue Wolf Capital Partners (Blue Wolf), a New York-based private equity firm, announced the completion of the sale of Suwannee Lumber Company (Suwannee) and Caddo River Forest Products (Caddo) to Conifex Timber Inc. (Conifex), a publicly-traded lumber and sustainable forestry company operating in British Columbia, Canada (TSX:CFF). A portion of Blue Wolf's proceeds will be in the form of Conifex stock, and Blue Wolf will receive representation on Conifex's board.

Conifex Timber Inc. ("Conifex", the "Company", "we", "our" or "us") (TSX:CFF) announced today that it has completed the acquisition of the Suwannee sawmill in Cross City, Florida and the Caddo River sawmill in Glenwood Arkansas.