Announcements

Effective June 11, 2014, the Corporation entered into contracts with all of the current directors of the Corporation, save for Mr. Tingan Liu, in respect of the Director Share Compensation Arrangement, pursuant to which the Corporation shall, subject to the Corporation’s discretion to reduce the number of Shares issuable under the Director Share Compensation Agreement, pay fees to the relevant directors through the issuance of Shares.

Sunshine Oilsands Ltd. announces that, further to its Second Announcement in respect of the Revised Placement and the Second Placements (as defined in the Second Announcement), its counsel has received HK $544,000,000 (approximately CDN $76.2 million), representing the aggregate subscription price in respect of the Revised Placement and the Second Placements, in its trust account from the six subscribers.

Sunshine Oilsands Ltd. is pleased to announce that it has received a supplemental independent reserves evaluation report  in respect of those four sections of oil sands lands within its West Ells SAGD project area.

Sunshine Oilsands Ltd. announces the cancellation of previously arranged private placement and new private placement of HK$384.2 million of common shares.

Sunshine is pleased to announces that on May 22, 2014 in Hong Kong (May 22, 2014 in Calgary) it intends to offer US $325,000,000 aggregate principal amount of senior secured notes of the Corporation maturing in 2019.

NOTICE IS HEREBY GIVEN that the annual general and special meeting of the holders of Class “A” Common Voting Shares of Sunshine Oilsands Ltd.

Sunshine Oilsands Ltd. is pleased to announce the following private placement of common shares.

Sunshine Oilsands Ltd. is pleased to announce that it has released its results for the three month period ended March 31, 2014.

The board of directors of Sunshine Oilsands Ltd. hereby announces that a meeting of the Board will be held on or about 7:00 a.m. on Tuesday, May 6, 2014 in Calgary, Canada.

Sunshine Oilsands Ltd. hereby announces that its board of directors has approved to convene an annual and special meeting of the shareholders on Wednesday, June 25, 2014 (Hong Kong time).

Reference is made to the notice of the Special General Meeting dated March 17, 2014 and the Management Information Circular of the Corporation dated March 17, 2014 and the announcement of the Corporation dated April 4, 2014.

Sunshine Oilsands Ltd. is pleased to announce its strategic financial plans for the second quarter of 2014. Please see the attached announcement for further information.