CFF Conifex Timber

Conifex Timber Inc. ("Conifex" or the "Company") (TSX VENTURE:CFF) announced
today that, further to its prior news release, its wholly-owned subsidiary,
Conifex Power Limited Partnership ("Conifex Power"), has accepted commitment
letters from a syndicate of three institutional lenders led by a Canadian
chartered bank for secured project financing (the "Project Financing") for its
planned 36MW bioenergy power project in Mackenzie, British Columbia (the "Power
Project"). The Project Financing is for an aggregate of $103 million and will
include approximately $80 million (the "Loan Facility") as a development and
construction loan for the Power Project. The Loan Facility will consist of a
construction loan which will mature approximately 14 months from the closing
date and convert into an amortized term loan having a term of 5 years once the
conditions to conversion are satisfied, including substantial completion of
construction of the Power Project. The balance of the Project Financing will be
in the form of a letter of credit facility primarily to secure certain
obligations of Conifex Power under its existing load displacement agreement and
a $1.75 million revolving operating facility.


Ken Shields, Chief Executive Officer of Conifex, commented: "This project
financing paves the way for us to complete the construction and commissioning of
our green power generation project. Coupled with our recently announced $30
million note financing to assist in funding the modernization and upgrading of
our Mackenzie sawmill, we now have the financial resources to further our
objective of making the Mackenzie site world-class in terms of scale, revenue
diversity, and cost-competitiveness."


The Project Financing will be subject to customary closing conditions for a
project financing of this type, including, among others completion of definitive
documentation, which shall contain customary representations, warranties and
covenants. 


About Conifex Timber Inc.

Conifex and its subsidiaries' primary business currently includes timber
harvesting, reforestation, forest management, and the manufacture, sale and
distribution of dimension lumber. Conifex's lumber products are sold in the
United States, Chinese, Canadian and Japanese markets. Upon completion of its
bioenergy facility at Mackenzie, British Columbia, Conifex's business sectors
will be expanded to include bioenergy.


Forward-Looking Statements

Certain statements in this news release may constitute "forward-looking
statements", including statements with respect to the Financing described herein
and project financing for the bioenergy facility. Forward-looking statements are
statements that address or discuss activities, events or developments that the
Company expects or anticipates may occur in the future. When used in this news
release, words such as "estimates", "expects", "plans", "anticipates",
"projects", "will", "believes", "intends" "should", "could", "may" and other
similar terminology are intended to identify such forward-looking statements.
Forward-looking statements reflect the current expectations and beliefs of the
Company's management. Because forward-looking statements involve known and
unknown risks, uncertainties and other factors, actual results, performance or
achievements of the Company or industry may be materially different from those
implied by such forward-looking statements. Forward-looking statements involve
significant uncertainties, should not be read as a guarantee of future
performance or results, and will not necessarily be an accurate indication of
whether or not such results will be achieved. A number of factors could cause
actual results to differ materially from the results discussed in the
forward-looking statements, including the ability to obtain all necessary
regulatory approvals, satisfactory completion of due diligence by the lenders
for the Project Financing, the ability to negotiate definitive documentation
with respect to the Project Financing, the cost of the Power Project, timing of
completion, if at all, of the Power Project and the expected benefits and
results of operations of the Power Project, as well as those matters described
in the Company's 2012 annual information form for the fiscal year ended December
31, 2012, available on SEDAR at www.sedar.com. Accordingly, readers should
exercise caution in relying upon forward-looking statements and the Company
undertakes no obligation to publicly revise them to reflect subsequent events or
circumstances, except as required by law.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Conifex Timber Inc.
Yuri Lewis
Chief Financial Officer
(778) 331-8687

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