CFF Conifex Timber

Conifex Timber Inc. ("Conifex" or the "Company") (TSX VENTURE:CFF) announced
today that it has completed its previously announced senior secured financing
(the "Financing") pursuant to which the Company issued promissory notes to
investment funds managed by Vertex One Asset Management Inc. in the aggregate
principal amount of $30 million. 


The promissory notes will expire on September 18, 2017, subject to early
redemption by the Company as provided in the notes, and bear interest at a rate
of 8% for the term of the loan. As additional consideration for the loan, the
Company issued common share purchase warrants (the "Warrants") entitling the
holders to purchase up to an aggregate of 1,060,000 common shares of the
unissued capital stock of the Company at a price of $8.25 per share until
September 18, 2017. Any common shares issuable upon exercise of the Warrants are
subject to a hold period of four months and a day from the date of issue of the
warrants. 


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 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, negotiate
definitive documentation and successfully identify satisfactory financing with
respect to the bioenergy facility, 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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