Sunshine Oilsands Ltd.: Overseas Regulatory Announcement

CALGARY, ALBERTA--(Marketwired - March 29, 2016) -

NOT FOR DISTRIBUTION OR DISSEMINATION IN OR INTO THE UNITED STATES.

Sunshine Oilsands Ltd. (a corporation incorporated under the Business Corporations Act of the Province of Alberta, Canada with limited liability) (HKSE:2012)

Sunshine Oilsands Ltd. has filed its Annual Information Form for the year ended December 31, 2015 along with the CEO Certification of Annual Filings and CFO Certification of Annual Filings on SEDAR (www.sedar.com).

By Order of the Board of Sunshine Oilsands Ltd.

Sun Kwok Ping, Executive Chairman

Calgary, March 29, 2016

Hong Kong, March 30, 2016

As at the date of this announcement, the Board consists of Mr. Kwok Ping Sun, Mr. Hong Luo and Dr. Qi Jiang as executive directors; Mr. Michael John Hibberd, Mr. Hok Ming Tseung, Mr. Jin Hu and Mr. Jianzhong Chen as nonexecutive directors; and Mr. Raymond Shengti Fong, Mr. Robert John Herdman, Mr. Gerald Franklin Stevenson and Mr. Zhefei Song as independent non-executive directors.

* For identification purposes only

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This release may not be distributed in or into the United States. This release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. The Corporation has not registered and will not register the Shares under the US Securities Act of 1933, as amended. The Corporation does not intend to engage in a public offering of Shares in the United States.

Contact

Mr. Hong Luo
Chief Executive Officer
(1) (403) 930-5677