GreenFirst appoints RBC as Information Agent for Rights Offering

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VANCOUVER, BC, July 19, 2021 /CNW/ - GreenFirst Forest Products Inc. (TSXV: GFP) (TSXV: GFP.RT) ("GreenFirst") announces that RBC Capital Markets ("RBC") has been appointed as GreenFirst's information agent for GreenFirst's previously announced rights offering (the "Rights Offering") for gross proceeds of up to approximately $167,500,000.

For any questions or assistance relating to the Rights Offering, please contact RBC at 1-855-214-1269 (toll free).

As previously disclosed, the rights may be exercised until 5:00 p.m. (Toronto time) on July 30, 2021. The rights are currently listed on the TSX Venture Exchange under the symbol "GFP.RT" and will continue to be posted for trading on the TSXV until noon (Toronto time) on July 30, 2021, at which time they will cease trading.

GreenFirst has also published a FAQ document on its website which contains a summary of certain key features of the Rights Offering. The FAQ document can be accessed by going to: https://gffp.ca/FAQ. The FAQ document should be read together with, and is qualified in its entirety by, GreenFirst's final prospectus dated July 2, 2021. The final prospectus can be found under GreenFirst's profile on SEDAR at www.sedar.com.

About GreenFirst

GreenFirst is a forest-first business, focused on environmentally sustainable forest management and lumber production. We believe that sustainable forest planting and harvesting, coupled with the longterm green advantage of lumber, provide GreenFirst with significant cyclical and secular advantages in building products. GreenFirst's long-term pursuit is to be a global leader in environmentally sustainable lumber. For more information, please visit: www.gffp.ca.

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 Inc.

Larry G. Swets, Jr., 630-824-8199