About SUNSHINE OIL Company

Sunshine Oilsands Limited is a listed company located 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 in the Athabasca Oil Sands region. Sunshine Oil Sands has 100% ownership of more than 1,000,000 acre lease agreements, equivalent to approximately 7% of all allotted lease agreements in the Athabasca region. Has the largest lease agreement for over 1,000,000 acres in the Athabasca region Combinations of multiple asset groups Clastic Rock — High Value, Mid-Term SAGD Asset Carbonate rock — a significant long-term value asset Conventional heavy oil — through partnership with 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 Long-term water source is brackish water, originating from deep geological structures According to current estimates by Sunshine Oil Sands management, the production potential of clastic rock areas and carbonate rock minerals can reach 1 million barrels per day. We are currently carrying out conventional heavy oil production in the Muskwa heavy oil area, and it is expected that production will continue to increase as the Muskwa heavy oil area is further developed. An experienced team Under the leadership of an experienced team, Sunshine Oilsands has sound corporate governance and capital cost control. The team has an outstanding track record in 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 Assessment After completing drilling and seismic exploration projects related to SAGD commercial projects in the West Els region in the second half of 2012, and completing and continuing to carry out SAGD commercial projects in the Thickwood and Legend Lake regions, the independent evaluators completed an assessment of reserves and resources. The assessment results took effect on December 31, 2012. The contents include: 0.079 billion barrels of proven reserves, total present value before tax (10% discount) 0.363 billion CAD 0.444 billion barrels of proven plus basic proven reserves, total present value before tax (10% discount) 0.461 billion CAD 0.579 billion barrels of proven plus basic proven plus predicted reserves, total present value before tax (10% discount) 0.986 billion CAD milestones Sunshine Oilsands has achieved great results so far. These milestones center on building shareholder value and drive our rich resource base of sandstone reservoirs and carbonate rocks in the Athabasca region of Alberta. On March 1, 2012, Sunshine Oil Sands completed its initial public sale and listed on the Hong Kong Stock Exchange Limited (“Hong Kong Stock Exchange”) under the stock code “2012”, raising approximately $0.57 billion in capital. Through the initial public sale, Sunshine Oil Sands obtained huge investments from underlying investors, including Premium Investment Corporation, EIG Management Company, a wholly-owned subsidiary of China Investment Co., Ltd., and Sinopec Shengjun International Investment Co., Ltd., a wholly-owned subsidiary of China Petroleum & Chemical Corporation (or Sinopec Group). The Company's independently prepared reserves and resource volume report dated December 31, 2012 showed a significant increase in asset value and volume; the best estimate was that the total amount of resources available was over 5 billion barrels, an increase of 2 billion barrels (65%) over November 30, 2011. The Company has signed a memorandum of understanding with Sinopec 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 International Petroleum Exploration and Development Co., Ltd. Sunshine Oilsands was listed on the Toronto Stock Exchange (“TSX”) under the code “SUO” on November 16, 2012. In terms of operation, the company has been approved to carry out the first steam assisted gravity discharge (“SAGD”) project of 0.01 million barrels per day in West Els. Civil engineering construction began in West Els at the beginning of the year, and mechanical installation began in the summer. We have launched the West Els project and made significant progress, and we plan to carry out the project at full speed in the fourth quarter of 2014. Regarding other core regions, Sunshine Oil Sands continues to carry out supervision and processing of its projects. The Thickwood region has received project approval for 0.01 million barrels per day, while the Legend region is expected to receive 0.01 million barrels per day project approval in early 2014. 0.079 billion barrels of proven reserves, total present value before tax (10% discount) 0.363 billion CAD 0.444 billion barrels of proven plus basic proven reserves, total present value before tax (10% discount) 0.461 billion CAD 0.579 billion barrels of proven plus basic proven plus predicted reserves, total present value before tax (10% discount) 0.986 billion CAD