Announcements

Sunshine Oilsands Ltd. ("Sunshine") is pleased to announce that its unaudited interim financial statements, and second quarter 2012 unaudited financial results report, including Management's Discussion and Analysis, for the quarter ended June 30, 2012, has been published on the websites of SEDAR (www.sedar.com), the Stock Exchange of Hong Kong Limited (www.hkexnews.hk) and on Sunshine's website (www.sunshineoilsands.com).

By Order of the Board of Sunshine Oilsands Ltd.
Michael John Hibberd
Co-Chairman
and
Songning Shen
Co-Chairman

Hong Kong, August 14, 2012

As at the date of this announcement, the Board consists of Mr. Michael John Hibberd and Mr. Songning Shen as executive directors, Mr. Hok Ming Tseung, Mr. Tingan Liu, Mr. Haotian Li and Mr. Gregory George Turnbull as non-executive directors and Mr. Raymond Shengti Fong, Mr. Wazir Chand Seth, Mr. Robert John Herdman and Mr. Gerald Franklin Stevenson as independent non-executive directors.