Announcements

Sunshine Oilsands Ltd. is pleased to announce that it has received funds for and accepted an additional irrevocable subscription agreement for 45,000,000 units of the Corporation at a price of HK$1.70 per Unit for total gross proceeds of HK$76,500,000.

Sunshine Oilsands Ltd. is pleased to provide an update with respect to its private placement (the "Placement") referred in its announcements dated December 3, 2013 and December 10, 2013.

Sunshine Oilsands Ltd. is pleased to announce that it has completed the first closing of its private placement of units of the Corporation ("Unitsâ") at a price of HK $1.70 per Unit (approximately CDN $0.23 per Unit), which was announced by the Corporation on December 3, 2013.

Sunshine Oilsands Ltd. is pleased to announce that it has received and accepted irrevocable subscription agreements (the "Subscription Agreements") for 197,976,471 units of the Corporation ("Units") at a price of HK $1.70 per Unit.

At the request of Sunshine Oilsands Ltd. (the "Company"), trading in the shares of the Company will be halted with effect from 9:00 a.m. on 3 December 2013 pending the release of an announcement which is price-sensitive in nature.

Reference is made to the announcement dated November 20, 2013 regarding the Extension of the Memorandum of Understanding for Strategic Cooperation (the "Announcement"). The Board would like to clarify that the Chinese version of the Announcement incorrectly stated the original expiry date of the MOU as December 31, 2012 instead of the actual original expiry date of December 31, 2013. The English version of the Announcement was accurate and remains unchanged.

Sunshine Oilsands Ltd. is pleased to announce the extension of the non-binding Memorandum of Understanding for Strategic Cooperation entered into between Sunshine and Sinopec...

Sunshine Oilsands Ltd. today announced its financial results for the third quarter of 2013.

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, November 12, 2013 in Calgary, Canada...

Sunshine Oilsands Ltd. is pleased to announce that it has signed its previously announced joint operating agreement ("JOA") with Renergy Petroleum (Canada) Co., Ltd., ("Renergy") an affiliate of Changjiang Investment Group Co., Ltd.

Reference is made to the announcement dated September 26, 2013 regarding the Transaction Outline Letter for Muskwa and Godin Areas. The Board would like to clarify that under the terms of the non-legally binding Transaction Outline Letter, the international third party will be responsible for investing capital up to $250 million Canadian dollars.

Sunshine Oilsands Ltd. is pleased to confirm that further to its August 19, 2013 announcement, discussions and negotiations have advanced and it has now signed a non-legally binding Transaction Outline Letter with the same international third party to pursue a joint venture involving its Muskwa and Godin area oil sands leases.