Opportunities for Forest Products and Bioproducts Partnerships

1. Opportunities for Forest Products and Bioproducts Partnerships www.conifex.com Building Canada’s Premier Next-Generation Forest Company ABFC – New Orleans - June 10, 2015

2. Cautionary Statement Regarding Forward Looking Information • Certain statements in this presentation may constitute "forward-looking information" or "forward-looking statements" which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or industry results to be materially different from any future results, performance or achievements implied by such forward-looking information.  When used in this presentation, such information uses such words as "estimates", "expects", "plans", "anticipates", and other similar terminology.  This information reflects the Company's current expectations regarding future developments, including the upgrading and operation of its converting facilities.  Forward-looking information involves 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 or factors could cause actual results to differ materially from the results discussed in the forward-looking information including those matters described in the Company’s annual information form for the year ended December 31, 2014, available on SEDAR.  Although the forward looking information in this presentation is based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with this forward-looking information.  This forward-looking information is provided as of the date of this presentation and, subject to applicable securities laws, the Company assumes no obligation to update or revise such information to reflect new events or circumstances. 

3. Outline of Presentation • Conifex Overview • Lumber Segment • Bioenergy Segment • Fibre- Feedstock • Biomass Availability • Mackenzie Site Opportunity • Partnerships Conifex was established six years ago as a high-performing company to pursue opportunities in the BC forestry, sawmilling and bioenergy sectors.

4. Conifex Timber Inc. Revenues ($ million) Production (million board feet)

5. Vision and Strategy Vision To build Canada’s premier next–generation forestry company that is a global leader in responsibly optimizing fibre value Strategy Leverage our strong timber base with modern conversion facilities and develop new revenue streams around our core lumber business

6. Lumber Segment- Our traditional business Fort St. James Sawmill • One sawmill, including planer mill • Forest license with Annual Allowable Cut (AAC) of 640,000 m3 • Now producing 310 mmfbm of annual lumber capacity on two-shift basis Mackenzie mill assets • Two 2-line sawmills, including planer mills • Steam/power plant and associated turbine/boiler • Paper mill (excluding the headbox) • Forest license with AAC of 932,500 m3 • Site II now producing 230 million board feet of annual lumber capacity • Plans to rebuild Site 1 Sawmill to increase production to 340 mmfbm

7. Bioenergy Segment- Mackenzie Power Generation • Constructed on site of idled cogeneration plant, adjacent to site 1 sawmill • 173,000 ODT / year fuel supply, primarily from own sawmill residual supply • Designed to utilize existing infrastructure and new equipment, with substantial construction cost savings • Existing ABB steam boiler + new 36 MW Dresser Rand turbine to produce 230 Gwh of energy/year • Capital expended of $103.5 million, project financed through CIBC led syndicate • Now supplying renewable green electricity to over 20,000 British Columbia residences

8. Power Generation Leverage

9. Mackenzie Site Opportunity:- Strong fibre basket • Species • Lodgepole pine, spruce, fir • Harvest Area (m3) • Total Annual Allowable Cut 4.5 M m3 • Conifex tenure: 932,000 m3 • Conifex additional purchases 503,000 • Conifex total: 1,435,000 sawlog consumption • Forestry Professionals • In BC forest products companies act like the contractor for the landlord (crown) • Full phase resource development • Planning, harvesting, reforestation • 10 full time forestry professionals at each location • Environmental Focus • All our products are sustainably sourced and environmentally certified under a globally recognized standard (SFI) Sustainable Forestry Initiative

10. Feedstock from Sawlogs Residuals typically account for 50% of the sawlogs 3m3 sawlogs=1000mmbfm lumber

11. Illustration of Mackenzie Site - Biomass Availability

12. Partnership Opportunities Conifex Value Proposition • Secure, sustainable, certified feedstock supply • Expertise in feedstock, procurement, handling, segmentation, and storage • Opportunities for site integration with sawmill, and power generation • Fully permitted site, reduced capital costs from existing infrastructure • Supply Availability • natural gas • water • environmental permits • renewable electricity • Well developed rail links to North American and offshore markets

13. Ideal Bioproducts Partners • Strong management teams • Commercially proven or working demo technology • Knowledge of end product markets and customer relationships • Fibre requirements up to 200,000 ODT/year • Competitive fibre paying capability • Strong project economics and returns • Open to Conifex equity participation

14. www.conifex.com Building Canada’s Premier Next-Generation Forest Company Conifex Timber Inc. 980 – 700 West Georgia Street Vancouver BC , V7Y 1B6 Sandy.Ferguson@conifex.com Vice-President Corporate Development