GreenFirst Announces Amended Shareholder Rights Plan

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May 05, 2023

GreenFirst Forest Products Inc. (TSX: GFP) (“GreenFirst”) wishes to advise that we have amended our Shareholders Rights Plan (the “Rights Plan”) after considering the recently released recommendations provided in the ISS Proxy Analysis & Benchmark Policy Voting Recommendations. We thank ISS for their insightful recommendations. We have amended the Rights Plan so that our shareholders will review the changes and reconsider their voting.