Acadian Timber Corp. Announces Election of Directors

Acadian Timber Corp.

EDMUNDSTON, New Brunswick, May 05, 2023 (GLOBE NEWSWIRE) -- Acadian Timber Corp. (TSX:ADN) (the “Company”) announced that the nominees listed in the management proxy circular for the 2023 Annual Meeting of Shareholders were elected as directors of the Company. Detailed results of the votes for the election of directors held at the virtual Annual Meeting of Shareholders on May 4, 2023 are set out below.

Nominee	Votes For	% For		Votes Withheld	% Withheld
Malcolm Cockwell	10,958,022	97.74%		252,821	2.26%
Heather Fitzpatrick	11,168,192	99.62%		42,651	0.38%
Karen Oldfield	11,165,839	99.60%		45,004	0.40%
Erika Reilly	11,187,204	99.79%		23,639	0.21%
Bruce Robertson	11,171,553	99.65%		39,290	0.35%
Adam Sheparski	11,187,109	99.79%		23,734	0.21%

About Acadian Timber

Acadian Timber Corp. (“Acadian”) is one of the largest timberland owners in Eastern Canada and the Northeastern U.S. and has a total of approximately 2.4 million acres of land under management. Acadian owns and manages approximately 761,000 acres of freehold timberlands in New Brunswick, approximately 300,000 acres of freehold timberlands in Maine and provides timber services relating to approximately 1.3 million acres of Crown licensed timberlands in New Brunswick. Acadian’s products include softwood and hardwood sawlogs, pulpwood, and biomass by-products, sold to approximately 90 regional customers.

Acadian’s business strategy is to maximize cash flows from its existing timberland assets through sustainable forest management and other land use activities while growing its business by acquiring assets and actively managing these assets to drive improved performance.

Acadian’s shares are listed for trading on the Toronto Stock Exchange under the symbol ADN.

For further information, please visit our website at www.acadiantimber.com or contact:

Susan Wood
Chief Financial Officer
Tel:	506-737-2345
Email:	ir@acadiantimber.com