POSTPONEMENT OF THE SPECIAL MEETING AND CANCELLATION OF THE RECORD DATE
Hong Kong (October 9, 2026) and Calgary, Alberta (October 9, 2026) – Reference is made to the announcement (the "Announcement") dated 3 September 2026 in relation to, among other things, the record date for the proposed placing of up to 205,704,000 shares under a specific mandate for the special meeting (the "SM") of Sunshine Oilsands Ltd. (the "Company" or "Sunshine"). Capitalized terms used herein shall have the same meanings as those defined in the Announcement
Due to the actual situations of the Company and to allow sufficient time for shareholders of the Company to consider the resolutions, the Company decided to postpone the SM originally scheduled to be held on October 13, 2026 at 11:30 a.m. (Hong Kong Time) / October 12, 2026 at 9:30 p.m. (Calgary Time) to a later date to be notified by the Company. The venue of the SM will remain unchanged at 21st Floor, CMA Building, 64 Connaught Road Central, Hong Kong. In light of the postponement of the SM, the Record Date as set out in the Announcement at 4:30 p.m. on September 21, 2026 (Hong Kong Time) and 4:30 p.m. on September 21, 2026 (Calgary time), will be cancelled.
The Company will make further announcement(s) after the date of the SM and the Record
Date is determined.
About Sunshine Oilsands Ltd.
The Corporation is a Calgary based public corporation listed on the Hong Kong Stock Exchange since March 1, 2012. The Corporation is focused on the development of its significant holdings of oil sands leases in the Athabasca oil sands region. The Corporation owns interests in approximately one million acres of oil sands and petroleum and natural gas leases in the Athabasca region. The Corporation is currently focused on executing milestone undertakings in the West Ells project area. West Ells has an initial production target of 5,000 barrels per day.