Mackenzie bioenergy to come online in 2015

October 30, 2014, Vancouver, B.C. – Conifex Timber Inc. announced
that based on its current preliminary estimate and initial consultations with
its contractors and original equipment vendors, it expects to complete repairs
to the damaged equipment and commence commercial operations at the Mackenzie
Power Project in the latter half of the first quarter of 2015.

That news comes on the heels of the release from earlier
this month when Confiex announced that the company had experienced electrical
issues during the 72-hour test run.

Conifex currently expects that any additional carrying costs
due to the delay of commercial operations and incremental costs associated with
equipment repairs will be substantially covered under Conifex Power Limited
Partnership's insurance policies.