About SUNSHINE OIL Company

Sunshine Oil Sands Limited is a listed company based in Calgary. It has been listed on the Hong Kong Stock Exchange Limited since March 1, 2012, and on the Toronto Stock Exchange since November 6, 2012. Our ultimate goal is to maximize value and provide sustainable, predictable oil growth. assets Sunshine Oil Sands is focusing on developing its important oil sands mining area located in the Athabasca oil sands region. Sunshine Oil Sands enjoys 100% ownership of more than 1,000,000 acre lease agreements, equivalent to about 7% of all allotment leases in the Athabasca region. Has the largest lease agreement for over 1,000,000 acres in the Athabasca region A combination of multiple asset groups Clastic Rock — High Value, Medium Term SAGD Asset Carbonate rock — a large long-term valuable asset Conventional heavy oil — through Renergy Petroleum (Canada) Co. Ltd. collaborated to develop oil fields in the Muskwa and Godin regions to introduce technology to increase production. Only heat extraction, no resource extraction Do not use tailings depots or pits The long-term water source is brackish water, derived from deep geological formations According to current estimates by Sunshine Oil Sands management, the production potential of clastic rock areas and carbonate rock minerals could reach 1 million barrels per day. We are currently carrying out regular heavy oil production in the Muskwa Heavy Oil Zone, and it is expected that with the further development of the Muskwa Heavy Oil Zone, production will continue to increase. EXPERIENCED TEAM Under the leadership of an experienced team, Sunshine Oilsands has sound corporate governance and capital cost control. The team has a strong track record of creating great value and has successfully managed various large-scale projects. Our management and employees are experienced in operating various oil and gas storage combinations, including conventional heavy oil, clastic rock, and carbonate rock reserves. Independent Evaluation After completing the drilling and seismic exploration projects related to the SAGD commercial project in the West Ells area in the second half of 2012, and the completion and continuation of the SAGD commercial projects in the Thickwood and Legend Lake regions, the independent evaluators completed the assessment of reserves and resources. The evaluation results took effect on December 31, 2012, including: Proved reserves of 79 million barrels, total present value before tax (10% discount) of 363 million Canadian dollars Of 444 million barrels of proven plus basic proven reserves, the total present value before tax (10% discount) is 461 million Canadian dollars 579 million barrels of proven plus basic proven plus predicted reserves, total present value before tax (10% discount) of 996 million Canadian dollars milestones Sunshine Oilsands has achieved great results so far. These milestones are centered around building shareholder value and driving our rich resource base of sandstone reservoirs and carbonates in the Athabasca region of Alberta. On March 1, 2012, Sunshine Oilsands completed its initial public offering and was listed on the Hong Kong Stock Exchange Limited (“Hong Kong Stock Exchange”) under the market code “2012”, raising approximately $570 million. Through an initial public sale, Sunshine Oilsands received huge investments from underlying investors, including Premium Investment Corporation, a wholly-owned subsidiary of China Investment Co., Ltd., EIG Management Company, and Sinopec Shengjun International Investment Co., Ltd., a wholly-owned subsidiary of China Petroleum & Chemical Corporation (also known as Sinopec Group). The Company's independently compiled reserves and resources report, dated December 31, 2012, showed a significant increase in the value and quantity of its assets; the best estimate was that the total amount of resources available for recovery exceeded 5 billion barrels, an increase of 2 billion barrels (65%) over November 30, 2011. The company has signed a memorandum of understanding with Sinopec Group International Petroleum Exploration and Development Co., Ltd. on strategic cooperation, extending the cooperation period until December 31, 2014. The company has signed a memorandum of understanding on strategic cooperation with Sinopec Group International Petroleum Exploration and Development Co., Ltd. Sunshine Oilsands was listed on the Toronto Stock Exchange (“TSX”) under the code name “SUO” on November 16, 2012. In terms of operation, the company has been approved to carry out the first steam-assisted gravity oil drain (“SAGD”) project at West Els to carry out 10,000 barrels of oil per day. Civil construction began in West Els at the beginning of the year and machinery installation began in the summer. We have launched the West Els project and made significant progress, and plan to carry out the project at full speed in the fourth quarter of 2014. Regarding other core regions, Sunshine Oil Sands continues to supervise its projects. The Thickwood region has received project approval for 10,000 barrels per day, while the Legend region is expected to receive project approval of 10,000 barrels per day in early 2014. Proved reserves of 79 million barrels, total present value before tax (10% discount) of 363 million Canadian dollars Of 444 million barrels of proven plus basic proven reserves, the total present value before tax (10% discount) is 461 million Canadian dollars 579 million barrels of proven plus basic proven plus predicted reserves, total present value before tax (10% discount) of 996 million Canadian dollars