Conifex Announces Senior Secured Financing

Conifex Timber Inc. ("Conifex" or the "Company") (TSX VENTURE:CFF) announced
today that it has entered into a note purchase agreement (the "Financing") with
Vertex One Asset Management Inc. ("Vertex") under the terms of which, subject to
certain conditions and regulatory approvals, the Company will issue to Vertex
senior secured notes (the "Notes") in the aggregate principal amount of $30
million. The Notes have a term of four years and bear interest at a rate of 8%
per annum. The Company may redeem the Notes, in whole or in part, at any time on
or after four months from the issue date of the Notes upon 15 days' notice and
payment of interest accrued on the amount redeemed to the date of redemption,
but otherwise at par.


As additional consideration for the Financing, the Company will issue to Vertex
at the time of funding common share purchase warrants (the "Warrants") 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 for a period of four years
following issuance. Any common shares issuable upon exercise of the Warrants
will be subject to a hold period expiring four months and one day following the
closing.


The Company intends to use the net proceeds from the Notes for general corporate
purposes, including primarily for strategic capital projects to enhance and
improve the efficiencies and production of the Company's two sawmills.


Ken Shields, Chief Executive Officer of Conifex, commented: "This financing,
combined with the ABL financing secured earlier this year, provides our lumber
segment with appropriate credit facilities. We now have the balance sheet and
liquidity to pursue the modernization and upgrading of our mills at Fort St.
James and Mackenzie." 


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, the ability to negotiate definitive documentation with
respect to the Financing and the timing of, sufficiency of, financing for and
realization of enhanced efficiency and production, if any, from projects to
upgrade the Company's sawmills, 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
www.conifex.com
Conifex Timber (TSXV:CFF)
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