Toronto, ON – March 14, 2023 – GreenFirst Forest Products Inc. (TSX: GFP) (“GreenFirst”) announced today that it has completed the previously announced sale of its La Sarre and Béarn sawmills, Abitibi and Témiscamingue forestry operations, as well as their related assets and business operations (the “Quebec Assets”) to Chantiers Chibougamau Ltée (“Chantiers Chibougamau”), for a total purchase price of approximately $94 million, subject to final adjustments.

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