Sunshine Oilsands Ltd.

Change in Hong Kong Company Secretary and Authorised Representative

HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Oct. 13, 2015) - Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKSE:2012) (a corporation incorporated under the Business Corporations Act of the Province of Alberta, Canada with limited liability) wishes to announce that the Board has accepted the resignation of Mr. Tingan Liu as the Corporation's Hong Kong Corporate Secretary and Authorised Representative effective immediately. Mr. Liu has confirmed that he has no disagreement with the Board and that there are no matters that need to be brought to the attention of shareholders of the Company in connection with his resignation. The Board would like to thank Mr. Liu for his contributions to the Corporation and wishes him success in his future endeavours.

Appointment of Hong Kong Company Secretary and Authorised Representative

The Board is pleased to announce that Mr. Yuen Wing Kai ("Mr. Yuen") has been appointed the Corporation's Hong Kong Company Secretary effective immediately.

Mr. Yuen, aged 53, is currently the Compliance Director and Legal Counsel for Partners Financial Holdings Limited and has served in this role since May 2015. Mr. Yuen has over 15 years of experience in the legal profession. Prior to May 2015, Mr. Yuen was the Company Secretary and Legal Counsel for Industrial and Commercial Bank of China (Asia) Limited. From January 2012 to May 2013, Mr. Yuen was the Head of Group Compliance and Legal Counsel with Delta Asia Financial Group. Prior thereto, Mr. Yuen held numerous positions as corporate secretary and legal counsel for public and private companies, including financial institutions and investment banks.

Mr. Yuen holds a Bachelor of Laws and a Master of Laws (Corporate and Financial Stream) from the University of Hong Kong, a Master of Laws from the People's University of China and a Master of Laws from the City University of Hong Kong and has been a practicing solicitor in Hong Kong since 1999. In addition, he is an Associate Member of The Hong Kong Institute of Chartered Secretaries and The Institute of Chartered Secretaries and Administrators.

ABOUT SUNSHINE OILSANDS LTD.

The Corporation is a Calgary based public corporation listed on the Hong Kong Stock Exchange since March 1, 2012. The Corporation 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 petroleum and natural gas 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.