Conifex Timber Inc. ("Conifex", "we" or "us") (TSX: CFF) today reported results for the second quarter ended June 30, 2019. Adjusted EBITDA from continuing operations* was negative $13.2 million for the quarter, which represented a decrease of $10.5 million over the first quarter of 2019, primarily attributable to reduced operating earnings. An increase in EBITDA from continuing operations** of $2.0 million compared to the previous quarter was primarily attributable to improved net earnings. Compared to the first quarter of 2019, adjusted EBITDA for the lumber segment declined by $6.8 million, for the bioenergy segment declined by $3.2 million and for corporate and other unallocated items declined by $0.5 million. Lumber segment adjusted EBITDA included softwood lumber duties expense of $2.5 million in the second quarter of 2019, $3.8 million in the first quarter of 2019 and $8.2 million in the second quarter of 2018.

Conifex Timber Inc. (TSX: CFF) ("Conifex") announced today that it is indefinitely curtailing operations at its El Dorado sawmill. The curtailment is planned to be phased-in over the next 60 days.

Conifex Timber Inc. (TSX: CFF) ("Conifex") announced today that it is extending the temporarily curtailment of its Mackenzie, British Columbia sawmill operations for three weeks until September 3, 2019, due to continued high log costs and lumber market conditions.