VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2012) - Conifex Timber Inc. ("Conifex") (TSX VENTURE:CFF) announced today that it has issued an aggregate of 31,138 common shares in payment of accrued interest on its stepped rate subordinated convertible promissory notes in accordance with the terms thereof.

This news release is being issued pursuant to the rules and policies of the TSX Venture Exchange.

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.

Contact Information:

Conifex Timber Inc.
Yuri Lewis
Chief Financial Officer
(778) 331-8687