The board of directors (the 'Board') of Sunshine Oilsands Ltd. hereby announces that a meeting of the Board will be held on or about 9:00 p.m. on Thursday, March 25, 2021 in Calgary, Canada, for the purpose of, among other matters, approving the annual results and report of the Company and its subsidiaries for the year ended December 31, 2020 and their publications.

Contact:

Tel: 1 (403) 984-1450

Fax: 1 (403) 455-7674

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