Conifex issues 1,430 common shares at C$9.50 each in relation to previously agreed severance arrangement with former employee

VANCOUVER, British Columbia , March 3, 2014 (press release) – Conifex Timber Inc. ("Conifex" or the "Company") (TSX VENTURE:CFF) today announced that it has issued 1,430 common shares (the "Common Shares") of the Company at a deemed price of $9.50 per Common Share pursuant to previously agreed severance arrangements with a former employee. The Common Shares are subject to a four-month hold period from the date of issue. The TSX Venture Exchange has previously accepted the issuance of such Common Shares.

About Conifex Timber Inc.

Conifex and its subsidiaries' primary business currently 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, Chinese, Canadian and Japanese markets. Upon completion of its power generation facility at Mackenzie, British Columbia, Conifex's business sectors will be expanded to include bioenergy.

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