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FORWARD-LOOKING INFORMATION AND DISCLAIMER<\/strong><\/p>\r\n

This presentation (the \"Presentation\") contains forward-looking information relating to, among other things: (a) the future financial performance and objectives of Sunshine Oilsands Ltd. (\"Sunshine\" or the \"Corporation\"); and (b) the plans and expectations of the Corporation.  Such forward-looking information is subject to various risks, uncertainties and other factors.  All statements other than statements and information of historical fact are forward-looking statements.  The use of words such as \"estimate\", \"forecast\", \"expect\", \"project\", \"plan\", \"target\", \"vision\", \"goal\", \"outlook\", \"may\", \"will\", \"should\", \"believe\", \"intend\", \"anticipate\", \"potential\", and similar expressions are intended to identify forward-looking statements.  Forward-looking statements are based on Sunshine's experience, current beliefs, assumptions, information and perception of historical trends available to Sunshine, and are subject to a variety of risks and uncertainties including, but not limited to those associated with resource definition and expected reserves and contingent and prospective resources estimates, unanticipated costs and expenses, regulatory approval, fluctuating oil and gas prices, expected future production, the ability to access sufficient capital to finance future development and credit risks, changes in Alberta's regulatory framework, including changes to regulatory approval process and land-use designations, royalty, tax, environmental, greenhouse gas, carbon and other laws or regulations and the impact thereof and the costs associated with compliance. Although Sunshine believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct.  Readers are cautioned that the assumptions and factors discussed in this Presentation are not exhaustive and readers are not to place undue reliance on forward-looking statements as our actual results may differ materially from those expressed or implied.  Sunshine disclaims any intention or obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, subsequent to the date of this Presentation, except as required under applicable securities legislation.  The forward-looking statements speak only as of the date of this announcement and are expressly qualified by these cautionary statements. Readers are cautioned that the foregoing lists are not exhaustive and are made as at the date hereof.  For a full discussion of our material risk factors, see \"Risk Factors\" in our most recent Annual Information Form (AIF), \"Risk Management\" in our current MD&A for the year ended December 31, 2013 and risk factors described in other documents we file from time to time with securities regulatory authorities, all of which are available on the Hong Kong Stock Exchange at www.hkexnews.hk<\/a>, on the SEDAR website at www.sedar.com<\/a> or our website at www.sunshineoilsands.com<\/a>.<\/p>\r\n

In addition, information and statements in this News Release relating to \"reserves\" and \"resources\" are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described exist in the quantities predicted or estimated, and that the reserves and resources described can be profitably produced in the future. The assumptions relating to Sunshine's reserves and resources are contained in the reports of GLJ Petroleum Consultants Ltd. and DeGolyer and MacNaughton Canada Limited, each dated effective December 31, 2013.  For additional information regarding the specific contingencies which prevent the classification of Sunshine's contingent resources as reserves see \"Statement of Reserves Data and Other Oil and Gas information\" in our most recent AIF.  The estimates of reserves and future net revenue for individual properties in this New Release may not reflect the same confidence level as estimates of reserves and future net revenue for all properties, due to the effects of aggregation.  \"Contingent Resources\" has the meaning given to that term in the AIF.<\/p>\r\n

About Sunshine Oilsands Ltd.<\/strong><\/p>\r\n

Sunshine Oilsands Ltd. (the \"Corporation\" or \"Sunshine\") is a Calgary based public company, listed on the SEHK since March 1, 2012 and the Toronto Stock Exchange since November 16, 2012. Sunshine is focused on the development of its significant holdings of oil sands leases in the Athabasca oil sands region. The Corporation owns interests in approximately one million acres of oil sands and P&NG leases in the Athabasca region. The Corporation is currently focused on executing milestone undertakings in the West Ells project area.  West Ells has an initial production target rate of 5,000 barrels per day, which will be followed immediately by an approved expansion to a planned production capacity of 10,000 barrels per day. In addition to West Ells activities, Sunshine has received regulatory approval to the Thickwood 10,000 barrels per day SAGD project and has an additional 10,000 barrels per day application in regulatory review for Legend.<\/p>\r\n

Website: www.sunshineoilsands.com<\/a><\/strong><\/p>"]; $("#dvExtra").html(content_array[0]);})();