Oct 13th -14th, 2011Vanderhoof, British Columbia

2011 Business Forum

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Corporate Highlights

• Financing Completed and Balance Sheet is Strong In June 2010, we secured $89 million in gross proceeds at a share

offering price of $8.25.• Equity Base

15.7 million (17 million fully diluted) shares trade under the symbol CFFX

Heibei Wenfeng Industrial Group – Chinese Steel Company – Single largest shareholder – 20.6% interest on a fully diluted basis.

• 2010 Capital Expenditures Completed $30 million modernization of our Fort St James Lumber

Manufacturing Facility

• 2011 - 2012 Capital Expenditures Planned Estimated $70 million biomass Co-generation facility in Mackenzie

We know what we need to do to be a top performing forestry, sawmilling and bioenergy company.

Our Business Model – “Three Pillars of our Model”

Fibre Procurement and Management

Manufacture Dimension Lumber

Integration and Production Clean Renewable Energy

• Full phase planning and development•1.57 million m3 annual harvest rights•15 forestry professionals

• 3 modern facilities•745 million board feet of 2 shift capacity•450 dedicated employees

• 36 Mwe/hr - Production• Fibre Capacity - 300,000 ODT Pellet

Getting maximum value out of every tree is the best way we know how to unlock the full potential of our forest resources

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Fibre Procurement and Management – “We have Size”

Fort St James Operation

• Total area (Sq. Km) 31,813 Sq. Km Larger than Belgium

• Total Volume Harvest (m3) 640,000 m3 tenure 460,000 m3 purchase 1,100,000 m3 Sawlog

Consumption

• Forestry Professionals Full phase resource development Planning, Harvesting, Reforestation 15 full time forestry professionals

• Environmental Focus All our products are

environmentally certified under a globally recognized standard (SFI) Sustainable Forestry Initiative

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Fibre Procurement and Management – “We have Size”

Mackenzie Operation

• Total area (Sq. Km) 79,675 Sq. Km Similar size to Austria

• Total Volume Harvest (m3) 932,000 m3 tenure 503,000 m3 purchase 1,435,000 m3 Sawlog

Consumption

• Forestry Professionals Full phase resource development Planning, Harvesting, Reforestation 15 full time forestry professionals

• Environmental Focus All our products are

environmentally certified under a globally recognized standard (SFI) Sustainable Forestry Initiative

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Fibre Procurement and Management – “We Have Infrastructure”

Road &Water Transportation

• Harvesting Capacity Over 3,000,000 m3 of annual

harvest• Road Infrastructure

Over 10,000 Km of Capital Roads Maintained and Monitored

• Water Infrastructure Boom and Tow equipment Large scale dewatering

equipment

Our transportation infrastructure enables us to extend our access to sawlog and bioenergy fibre on a cost effective basis.

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Manufacture Dimension Lumber – “We Have Scale”

Lumber Manufacturing• 2 Shift Capacity – 3 mills

Mackenzie Site 1 – 215,000 MFBM Mackenzie Site 2 – 220,000 MFBM Fort St James 310,000 MFBM

745,000 MFBM

• Market Diversification Japan – 20% China – 20% Canada and USA – 60%

• Current operating Rate Mackenzie Site 2 – 220,000 MFBM Fort St James 310,000 MFBM

530,000 MFBM

A British Columbia Government study has confirmed the attractiveness of our operating areas for bioenergy initiatives

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Production of Clean Renewable Energy – “We Integrate”

• Biomass Co-Generation Facility

Conifex has embarked on a $70 million biomass cogeneration project in Mackenzie BC.

Existing boiler Infrastructure will be upgraded in increase steaming rate to 300,000 lbs/hr.

Facility will consume 217,000 ODT’s of feedstock annually

Process steam will be extracted and integrated with lumber drying and pellet feedstock conditioning.

We believe that we have identified tangible synergies between power, pellets, and sawmilling businesses.

We have ordered a new 36 MW/h steam turbine and generator to replace our existing 13.8 MW/h turbine.

Fuel Delivery

Construction of Steam Turbine

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Looking for the “Right” Pellet Partner – “Black or White”

• World-Scale Pellet Facility(s)

Conifex believes in the increasing global demand for wood pellets as a renewable source energy.

Conifex is interested in finding and integrating a compatible pellet partner within its existing infrastructure.

Conifex believes that 2nd generation pellets will be the pellet of choice, as they have a higher energy density, and are less likely to decompose when exposed to water.

Our best outcome would be to align ourselves with a pellet consumer that understands the strategic importance of our fibre resources

Traditional

2nd Generation Steam Exploded

2nd GenerationTorrefied

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“Bioenergy Feedstock” no longer “Waste Products”

• Production of Large Volumes of Bioenergy Feedstock/Year

Unlike other operators in the Interior Region of BC, Conifex has not yet entered into any long-term commitments for the biomass feedstock we produce.

We believe in supplying the most suitable cost effective fibre to the appropriate facility.

Feed Stock Type Volume (ODMT)

Residual Chips 336,000 15,000 Trucks

Residual White Fibre 180,000 9,000 Trucks

Residual Bark 100,000 4,600 Trucks

Non Sawlog Harvest 110,000 5,000 Trucks

Total Bioenergy Feedstock

726,000 33,600 Trucks

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Log, Lumber and Bioenergy Feedstock Relationships

• Residuals typically account for over 50% of sawlog volumes.

Sawlog Residuals Lumber

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Finding an Appropriate Partner for Conifex

Partner Considerations

• An appreciation of the strong potential Conifex has to be a reliable and cost-effective supplier of bio-energy feedstock.– Strong tenure position with environmental certification– Large volumes of uncommitted sawmill residuals

• An appreciation of the synergies available through the integration of second generation pellets with forestry, sawmilling and electric power activities.

• A deep understanding of the technology and market potential for “second generation” pellets.

• A willingness to commit key personnel on a priority basis to develop this opportunity to our mutual advantage.On behalf of Conifex, our Board of Directors, and our committed employees, we appreciate the opportunity to speak with you today.

2011 Business Forum

Oct 13th -14th, 2011Vanderhoof, British

Columbia