Canfor Pulp Products Inc. and Canfor Corporation Revise Event Format for Annual General Meeting Due to COVID-19 and Announce First Quarter Results Conference Call

VANCOUVER, March 31, 2020 /CNW/ - Similar to other public companies around the globe, Canfor Pulp Products Inc. (TSX:CFX) and Canfor Corporation (TSX:CFP) each announced that they will take COVID-19 precautionary measures for the companies' upcoming Annual General Meetings (AGMs) on April 23, 2020. As part of Canfor's COVID-19 action plan the changes are intended to reduce potential risks associated with travel and large gatherings, and to focus on the health and safety of our employees, suppliers, customers, communities and shareholders.

The revised event format for both AGMs will include a one way web and telephone conference. Shareholders can email questions prior to the meeting to [email protected], but will not otherwise be able to vote or speak at the AGMs via the web or telephone conference. Shareholders are encouraged to use these media and not to attend the AGMs in person but to vote on the matters at the AGMs by proxy, appointing a management proxyholder to limit the number of attendees.

As the COVID-19 pandemic is quickly evolving, the companies will continue to monitor the circumstances of the virus and any recommendations or directives of government and health authorities and will advise shareholders as necessary of any further updates regarding the AGMs.

Q1 2020 ANALYST CONFERENCE CALL

Canfor Pulp Products Inc. (TSX:CFX) will hold a joint conference call with Canfor Corporation (TSX:CFP) on Friday, April 24, 2020 to discuss their respective first quarter 2020 financial and operating results.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking statements" which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipates", "projects", "intends", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and Canfor assumes no obligation to update such information to reflect later events or developments, except as required by law.

Canfor Pulp Products Inc. ("Canfor Pulp" or "CPPI") is a leading global supplier of pulp and paper products with operations in the central interior of British Columbia ("BC") employing approximately 1,300 people throughout the organization. Canfor Pulp owns and operates three mills in Prince George, BC with a total capacity of 1.1 million tonnes of Premium Reinforcing Northern Bleached Softwood Kraft ("NBSK") Pulp and 140,000 tonnes of kraft paper, as well as one mill in Taylor, BC with an annual production capacity of 220,000 tonnes of Bleached Chemi-Thermo Mechanical Pulp ("BCTMP").  Canfor Pulp is the largest North American and one of the largest global producers of market NBSK Pulp.  CPPI shares are traded on the Toronto Stock Exchange under the symbol CFX. For more information visit canfor.com.

SOURCE Canfor Pulp Products Inc.