Announcements

Sunshine Oilsands Ltd. (“Sunshine”) recently announced that, effective September 30, 2015, it would voluntarily delist its common shares from trading on the Toronto Stock Exchange (the “TSX”). This decision was made for several reasons including the fact that over 99% of the volume and value of Sunshine’s common shares in the last several months have traded on the Hong Kong Stock Exchange (the “HKEX”). In addition, delisting from the TSX would result in significant cost savings to Sunshine which will be of benefit to all shareholders.

Shareholders will be able to continue to buy and sell common shares of Sunshine on the TSX up to September 30, 2015 and, thereafter, on the HKEX. Current holders of Sunshine common shares that were acquired through the TSX are registered on the Canadian share register (managed by Alliance Trust Company) and this will continue to be the case after September 30, 2015, until such time that they are moved to the Hong Kong share register. All that happens after September 30, 2015, is that Sunshine’s common shares will not trade on the facilities of the TSX, but will only trade on the facilities of the HKEX.

In order for shareholders to continue trading Sunshine common shares on the HKEX after September 30, 2015, they should contact their broker or investment adviser (collectively, your “Adviser”). If your shares are currently on the Canadian share register your Adviser will understand what is required to move the shares in your account from Sunshine’s Canadian share register to Sunshine’s Hong Kong share register (managed by Computershare Hong Kong). Please note that there is no need to move your shares from the Canadian share register to the Hong Kong share register until you decide to sell. Therefore the transfer of shares to the Hong Kong share register does not need to occur prior to September 30, 2015, but can occur after the delisting from the TSX has happened. Should your Adviser have any questions or require assistance, they should contact Alliance Trust Company at 403-237-6111.

In the event that your Adviser is not able to trade on the HKEX, you will need to open a trading account with another brokerage firm or investment adviser and have your Sunshine common shares transferred to that new trading account so that they may be traded on the HKEX. That is a matter you should confirm with your Adviser.

We hope the foregoing is helpful and answers any questions you may have.

Sincerely,
Sunshine Management