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Announcements

Sunshine Oilsands Ltd. is committed to providing our investors and the public with timely and accurate information regarding our business and operating activies.
March 13, 2013

Record date of the annual general meeting to be held on May 7, 2013

Sunshine Oilsands Ltd. (the "Corporation") hereby announces that its board of directors (the "Board") has approved to convene an annual general meeting of the shareholders on Tuesday, May 7, 2013 (Hong Kong time) (the "AGM"). The Board has also decided to fix the record date for the determination of the shareholders who are entitled to receive the notice of, and to attend and vote at, the AGM or adjournment thereof, on Thursday, March 28, 2013 (Hong Kong time) (the "Record Date").

Only shareholders as at the Record Date are entitled to receive notice of the AGM. Shareholders on record will be entitled to vote their shares held by them as at the Record Date, unless any such shareholder properly transfers the shares after the Record Date and the transferee of those shares, having produced properly endorsed certificates evidencing such shares or having otherwise established ownership of such shares, demands, at least ten (10) days before the AGM, that the transferee's name be included in the list of shareholders entitled to vote at the AGM, in which case such transferee shall be entitled to vote such shares at the AGM.

The Corporation's annual report containing, amongst other things, its financial statements for the year ended December 31, 2012 and management's discussions on the Corporation's results and performance for the same period, will be sent to shareholders and will be available on the Corporation's website at http://www.sunshineoilsands.com, and the website of the Stock Exchange of Hong Kong Limited (the "Stock Exchange") at http://www.hkexnews.hk/, on April 5, 2013 (Hong Kong time). A notice of the AGM which contains, amongst other things, the time, venue and the detailed agenda of the AGM, along with a management information circular concerning the matters to be considered at the AGM, will be sent to shareholders on April 5, 2013 (Hong Kong time) and will be available on the Corporation's website, the Stock Exchange's website as well as http://www.sedar.com.

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

 

FORWARD-LOOKING INFORMATION AND DISCLAIMER
This News Release may contain forward-looking information that is subject to various risks, uncertainties and other factors. All statements other than statements and information of historical fact are forward-looking statements. The use of any words estimate, forecast, expect, project, plan, target, vision, goal, outlook, may, will, should, believe, intend, anticipate, potential, and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on Sunshines experience, current beliefs, assumptions, information and perception of historical trends available to Sunshine, and are subject to a variety of risks and uncertainties including, but not limited to those associated with resource definition and expected reserves and contingent and prospective resources estimates, unanticipated costs and expenses, regulatory approval, fluctuating oil and gas prices, expected future production, the ability to access sufficient capital to finance future development and credit risks, changes in Albertas regulatory framework, including changes to regulatory approval process and land-use designations, royalty, tax, environmental, greenhouse gas, carbon and other laws or regulations and the impact thereof and the costs associated with compliance. Although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned that the assumptions and factors discussed in this information release are not exhaustive and readers are not to place undue reliance on forward-looking statements as our actual results may differ materially from those expressed or implied. Sunshine disclaims any intention or obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, subsequent to the date of this News Release, except as required under applicable securities legislation. The forward-looking statements speak only as of the date of this News Release and are expressly qualified by these cautionary statements. Readers are cautioned that the foregoing lists are not exhaustive and are made as at the date hereof. For a full discussion of our material risk factors, see Risk Factors in our most recent Annual Information Form dated April 30, 2012 (AIF), Risk Management in our current MD&A and risk factors described in other documents we file from time to time with securities regulatory authorities, all of which are available on the Hong Kong Stock Exchange at www.hkexnews.hk, on the SEDAR website at www.sedar.com or our website at www.sunshineoilsands.com.

This document does not constitute and is not an offer to sell or a solicitation of an offer to buy Common Shares of the Company in the United States (including its territories and possessions, any State of the United States and the District of Columbia) or elsewhere.