GreenFirst Opens New Office in North Bay

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TORONTO, Feb. 3, 2022 - GreenFirst Forest Products Inc. (TSXV: GFP) ("GreenFirst") is proud to announce that it has opened an administration office in North Bay, Ontario to support the continued rapid growth of the Company.

North Bay offers a cost competitive business environment, a highly skilled workforce, and is in proximity to our mills. The new office is located downtown North Bay at 222 McIntyre Street West.  GreenFirst is actively hiring, all job openings are posted on our website at  At full complement the North Bay GreenFirst office intends to employ at least 35 full-time employees.

"The Province of Ontario welcomes GreenFirst to North Bay" said Nipissing MPP Vic Fedeli. "There's a great workforce looking to be a part of this exciting new opportunity. We look forward to working with GreenFirst on sustainable forestry management of their paper and lumber mills."

"On behalf of Council I would like to officially welcome GreenFirst to North Bay as they announce the opening of their new professional services office" said Mayor McDonald. "This commitment to locating in North Bay not only supports the company's strategic growth in northern Ontario and Quebec operations, but it is also a great addition to our downtown business community."  

"We are happy to be a part of the North Bay Community" said Rick Doman, CEO of GreenFirst. "We offer attractive career prospects and welcome the talent of North Bay and surrounding areas to apply."

About GreenFirst 
GreenFirst is a forest-first business, focused on sustainable forest management and lumber production. We believe that responsible forest practices, coupled with the long-term green advantage of lumber, provide GreenFirst with significant cyclical and secular advantages in building products. GreenFirst has seven Sawmills in Ontario and Quebec and one Paper Mill in Ontario. GreenFirst's long-term vision is to be an environmental leader in the global forestry industry.

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Forward Looking Information
Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact are forward-looking statements. Forward looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend", "estimate" or the negative of these terms and similar expressions. Forward-looking statements are based on certain assumptions and, while GreenFirst considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. In addition, forward-looking statements necessarily involve known and unknown risks, including those set out in GreenFirst's public disclosure record filed under its profile on Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect our expectations as of the date hereof, and thus are subject to change thereafter. GreenFirst disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

Source: GreenFirst Forest Products