VANCOUVER, British Columbia (News release) -- Conifex Timber Inc. ("Conifex") (TSX: CFF) announced that its wholly-owned subsidiary Conifex Mackenzie Forest Products Inc., has completed a $19 million secured term loan with the Business Development Bank of Canada ("BDC") under the Softwood Lumber Guarantee Program.

The loan has a maturity date of July 15, 2033, bears interest at BDC's floating base rate minus a variance of 0.60% per year and is secured by Conifex's lumber business assets. The loan allows for interest-only payments until August 2028. A portion of the loan was used to repay a bridge advance from Conifex's existing senior secured timber lender. The balance of the loan is available for working capital and general corporate purposes.

Conifex also announced that it successfully restarted its sawmill in February. With the successful completion of the term loan, the Company is progressing toward normalized operations and currently anticipates sustaining two-shift operations in the second half of 2026, subject to fibre supply conditions.

Conifex also announced that it plans to release its fourth quarter 2025 results before market open on Friday, March 13, 2026.