References are made to the notice (the “Notice”) of the annual general meeting, the circular (the “Circular”) and the form of proxy (the “Proxy Form”) of Sunshine Oilsands Ltd. (“Sunshine” or the “Corporation”), all dated May 19, 2020 in relation to, among other matters, the annual general meeting to be held on June 22, 2020 at 10:30 a.m. (Hong Kong time) / June 21, 2020 at 8:30 p.m. (Calgary time) (the “AGM” or the “Meeting”). Unless the context requires otherwise, capitalized terms used herein shall have the same meanings as those defined in the Circular.

CHANGE OF VENUE OF AGM

The Board hereby announces that the venue of the AGM has changed to 21^st Floor, CMA Building, 64 Connaught Road Central, Hong Kong (the “Venue”).

PRECAUTIONARY MEASURES

In view of the COVID-19 pandemic situation, the Corporation will strictly implement the following precautionary measures at the AGM to safeguard the health and safety of every attendee of the AGM.

1)    seating at the AGM Venue will be arranged so as to allow for appropriate social distancing. As a result, there will be limited capacity for Shareholders to attend the AGM. The Corporation may limit the number of attendees at the AGM to avoid over- crowding;

2)    at the entrance of the Venue, compulsory body temperature checks will be conducted on every person attending the AGM. Any person with a body temperature of over 37.3 degrees Celsius, or has any flu-like symptoms, or is otherwise apparently unwell will not be admitted to the AGM Venue;

3)    every attendee is required to wear a surgical mask throughout the AGM;

4)    every attendee is required to sign and complete a health declaration form before admission to the Venue;

5)    any person who has travelled outside Hong Kong within 14 days immediately before the Meeting (the ‘‘Recent Travel History’’), is subject to quarantine or self-quarantine in relation to COVID-19, or has close contact with any person under quarantine or with the Recent Travel History shall not attend the AGM;

6)    any attendee who declines any of the abovementioned measures will not be admitted to the Venue; and

7)    no refreshments or drinks or corporate gifts will be provided to attendees at the AGM.

RECOMMENDATION TO VOTE BY PROXY

The Corporation reminds attendees that they should carefully consider the risks of attending the AGM, taking into account their own personal circumstances. Furthermore, the Corporation would like to remind Shareholders that physical attendance in person at the AGM is not necessary for the purpose of exercising their voting rights and strongly recommends Shareholders to appoint the Chairman of the AGM as their proxy and submit their Proxy Form as early as possible.

The Proxy Form has been despatched to the Shareholders together with the Circular. The Proxy Form can also be downloaded from the website of the Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk and the website of the Corporation at www.sunshineoilsands.com. Shareholders should complete, date and sign the Proxy Form and deliver it in accordance with the instructions set out in the Proxy Form and in the Circular.