KERNWOOD LIMITED ANNOUNCES ACQUISITION OF ADDITIONAL SHARES OF WESTERN FOREST PRODUCTS INC.

TORONTO, June 11, 2025 /CNW/ - Kernwood Limited ("Kernwood") reports pursuant to the "Early Warning Requirements" of Canadian securities laws that it purchased 6,356,500 common shares ("Western Forest Shares") in the capital of Western Forest Products Inc. ("Western Forest") on June 11, 2025 in normal course transactions on the Toronto Stock Exchange, with the result that Kernwood, together with its shareholders, owns 45,531,500 Western Forest Shares representing approximately 14.3748% of the total outstanding Western Forest Shares. The 6,356,500 Western Forest Shares were purchased at an average of $0.39 per Western Forest Share, for an aggregate of $2,479,035.00.