Conifex Announces Issuance of Common Shares

Conifex Timber Inc. ("Conifex" or the "Company") (TSX VENTURE:CFF) today
announced that it has issued 1,430 common shares (the "Common Shares") of the
Company at a deemed price of $9.50 per Common Share pursuant to previously
agreed severance arrangements with a former employee. The Common Shares are
subject to a four-month hold period from the date of issue. The TSX Venture
Exchange has previously accepted the issuance of such Common Shares. 


About Conifex Timber Inc.

Conifex and its subsidiaries' primary business currently includes timber
harvesting, reforestation, forest management, sawmilling logs into lumber and
wood chips, and value added lumber finishing and distribution. Conifex's lumber
products are sold in the United States, Chinese, Canadian and Japanese markets.
Upon completion of its power generation 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". 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 those matters described
in the Company's annual information form for the 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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