Conifex Announces Acquisition of Lumber Marketing and Distribution Business and Appointment to Executive Team

Conifex Timber Inc. ("Conifex" or the "Company") (TSX VENTURE:CFF) today
announced that it has entered into a definitive purchase agreement (the
"Agreement") to acquire (the "Transaction") Lignum Forest Products LLP
("Lignum"), a private partnership which operates a lumber marketing and
distribution business. 


Lignum is an established and well respected name in the forestry and lumber
distribution business in British Columbia. Lignum serves customers and
distributes products that are complementary to those of Conifex. Lignum provides
extensive market reach in the North American market through a network of
established inventory locations. 


The Transaction provides for the acquisition by Conifex of Lignum for
approximately US$4 million, which Conifex intends to fund from its existing
available cash. 


Ken Shields, Chief Executive Officer of Conifex, commented: "We believe that
this Transaction, including the retention of Lignum's experienced personnel,
will further advance our marketing and logistics capability while concurrently
reducing overall marketing costs. We expect to significantly extend our market
reach, particularly in the improving U.S. market, through enhanced access to
complementary customers and product lines."


The Transaction is expected to close on or before January 31, 2014, subject to
customary closing conditions. Mr. Hans Thur, Senior Vice-President of Conifex
Timber Inc., will have oversight responsibility for Lignum.


Appointment of Patrick Bell as Executive Vice President 

The Company also announced today that Patrick Bell has been appointed to the
newly created role of Executive Vice President, Conifex Timber Inc. Mr. Bell
brings to his new role extensive experience derived from a diverse background.
During his political career, Mr. Bell served three terms in the BC Legislature
and held a number of high profile positions with the Provincial Government,
including Minister of Jobs, Tourism and Skills Training, Minister of Forests and
Range, and Minister of Agriculture. Mr. Bell's entrepreneurial career involved
interests in a variety of businesses, including a logging company and a trucking
company. Earlier in his career, Mr. Bell worked in the hospitality industry at a
corporate level and remains involved with the organization as a franchisee.


The role of Executive Vice President will be based in Conifex's Prince George,
B.C. office and will focus primarily on the enhancement of the Company's
regional operations including raw material supply, lumber manufacturing, capital
expenditure programs, and human resources. 


Mr. Bell was appointed to the Company's Board of Directors in August 2013 and
will continue to serve as a director.


Conifex CEO Ken Shields commented: "Pat's passion for and knowledge of the
forest industry became apparent in his role as a Conifex Director. We are
delighted to now have full-time access to Pat as a senior executive."


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 the timing and completion of the Transaction.
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 additional matters
described in the Company's most recent Annual Information Form, 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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