Announcements

Hong Kong (September 6, 2021) and Calgary, Alberta (September 6, 2021) - The Board of Directors (the “Board”) of Sunshine Oilsands Ltd. (the “Corporation” or “Sunshine”) (HKEX: 2012) is pleased to announce the following:

Reference is made to the announcement issued by the Corporation dated August 16, 2021 in relation to, among others, the estimated resumption timetable.
The Board is pleased to announce that, having detailed consideration with the management, coupled with the timing commitment from the service vendors, it is expected that the Corporation will resume production on or before December 30, 2021.

ABOUT SUNSHINE OILSANDS LTD.
The Corporation is a Calgary based public corporation, listed on the Hong Kong Stock Exchange since May 1, 2012. The Corporation is focused on the development of its significant holdings of oil sands and heavy oil leases in the Athabasca oil sands region. The Corporation owns interests in oil sands and petroleum and natural gas leases in the Athabasca region of Alberta. The Corporation is currently focused on executing milestone undertakings in the West Ells project area. West Ells Phase 1 has an initial production target of 5,000 barrels per day.