Conifex Announces Closing of Funding for Mackenzie Power 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 closed its previously announced secured project financing
(the "Project Financing") for its planned 36MW bioenergy power project in
Mackenzie, British Columbia (the "Power Project") with a syndicate of four
institutional lenders led by a Canadian chartered bank. 


The Project Financing is for an aggregate of up to $102.7 million and includes a
development and construction loan for the Power Project of up to $82 million
(the "Loan Facility"). The Loan Facility consists of a construction loan which
will mature approximately 12 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 is 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.


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 Project Financing
described herein for the Power Project and the timing of completion of
construction of the Power Project. 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 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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