Conifex Announces Recommencement of Mackenzie Bioenergy Project

Conifex Timber Inc. ("Conifex" or the "Company") (TSX VENTURE:CFF) announced
today that its wholly-owned subsidiary Conifex Power Limited Partnership
("Conifex Power") has received oral confirmation that it shall receive a
commitment for secured project financing (the "Project Financing") for its
planned 36MW bioenergy power project in Mackenzie, British Columbia (the "Power
Project") in the aggregate amount of approximately $100 million from a syndicate
of lenders. As a result, Conifex Power has recommenced construction of the Power
Project. Conifex expects to receive formal commitment for the Project Financing
shortly.


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


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 Bioenergy Facility,
timing of completion, if at all, of the Bioenergy Facility and the expected
benefits and results of operations of 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

Conifex Timber (TSXV:CFF)
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