The board of directors (the 'Board') of Sunshine Oilsands Ltd. (the 'Company') announces that a meeting of the Board will be held at around 8:30 p.m. on Thursday, November 9, 2023 in Calgary, Canada (around 11:30 a.m. Hong Kong time on Friday, November 10, 2023), for the purposes of, amongst other matters, approving the quarterly results and/or report of the Company and its subsidiaries for the three months and nine months ended September 30, 2023 and their publications.

As at the date of this announcement, the Board consists of Mr. Kwok Ping Sun and Ms. Gloria Pui Yun Ho as executive directors; Mr. Michael John Hibberd, Ms. Linna Liu and Ms. Xijuan Jiang as non-executive directorsand Mr. Yi He and Mr. Guangzhong Xing as independent non-executive directors.

Contact:

Tel: 1 (403) 984-1450

Fax: 1 (403) 455-7674

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