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Overseas Regulatory Announcement


FOR: SUNSHINE OILSANDS LTD.
HKSE SYMBOL: 2012

Date issue: March 22, 2017
Time in: 5:22 AM e

Attention:

HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - March 22, 2017) - Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKSE:2012) has filed its Annual Information Form for the year ended December 31, 2016 along with the CEO Certification of Annual Filings and CFO Certification of Annual Filings on SEDAR (www.sedar.com).

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.

(a corporation incorporated under the Business Corporations Act of the Province of Alberta, Canada with limited liability)

By Order of the Board of Sunshine Oilsands Ltd.

Sun Kwok Ping, Executive Chairman

Hong Kong, March 22, 2017

Calgary, March 21, 2017

As at the date of this announcement, the Board consists of Mr. Kwok Ping Sun, Mr. Hong Luo, Dr. Qi Jiang and Mr. Qiping Men as executive directors; Mr. Michael John Hibberd, Mr. Jianzhong Chen and Ms. Xijuan Jiang as non- executive directors; and Mr. Raymond Shengti Fong, Mr. Gerald Franklin Stevenson, Ms. Joanne Yan and Mr. Yi He as independent non-executive directors.

(i)For identification purposes only

- END RELEASE - 22/03/2017

For further information:
Sunshine Oilsands Ltd.
Mr. Hong Luo
Chief Executive Officer
(1) (403) 930-5677
investorrelations@sunshineoilsands.com
www.sunshineoilsands.com

COMPANY:
FOR: SUNSHINE OILSANDS LTD.
HKSE SYMBOL: 2012

INDUSTRY: Energy and Utilities - Oil and Gas
RELEASE ID: 20170322CC0002

Press Release from Marketwired 1-866-736-3779

All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization issuing the release, not to The Canadian Press.



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