Mr. Michael Hibberd reports

SUNSHINE OILSANDS LTD. ANNOUNCES DATE OF BOARD MEETING

A meeting of the board of directors of Sunshine Oilsands Ltd. will be held on or about 7 a.m. on Nov. 13, 2014, in Calgary, Canada (on or about 10 p.m. Hong Kong time on Nov. 13, 2014), for the purposes of approving the interim results and report of the company and its subsidiary for the three- and nine-month periods ended Sept. 30, 2014, and their publication.

As at the date of this announcement, the board consists of: Michael John Hibberd and Jin Hu as executive directors; Hok Ming Tseung, Tingan Liu, Haotian Li and Gregory George Turnbull as non-executive directors; and Raymond Shenti Fong, Robert John Herdman, Gerald Franklin Stevenson and Zhefei Song as independent non-executive directors.