Reference is made to the management information circular dated May 17, 2024 (the 'Circular'), the notice (the 'Notice') of the annual meeting of shareholders (the 'General Meeting') of Sunshine Oilsands Ltd. (the 'Company') and the accompanying form of proxy, all dated May 17, 2024.

Unless the context requires otherwise, terms used herein shall have the same meanings as those defined in the Circular and the Notice.

Poll Results

The Board wishes to announce that, all the Resolutions as set out in the Notice were duly passed by the shareholders of the Company (the 'Shareholders') by way of poll at the General Meeting. Computershare Hong Kong Investor Services Limited, the Company's branch share registrar in Hong Kong, was appointed as the scrutineer for the vote-taking at the General Meeting.

As at the date of the General Meeting, the total number of shares in issue of the Company was 243,478,681 Shares, which was the total number of Shares entitling the Shareholders to attend and vote for or against the resolutions at the General Meeting. There were no Shares entitling the Shareholders to attend and abstain from voting in favor of the resolutions at the General Meeting as set out in Rule 13.40 of the Listing Rules. No Shareholders were required to abstain from voting at the General Meeting under the Listing Rules. No Shareholders had stated their intention in the Circular to vote against or to abstain from voting on the resolutions at the General Meeting.

As at the date of this announcement, the Board consists of Mr. Kwok Ping Sun and Ms. Gloria Pui Yun Ho as executive directors; Mr. Michael John Hibberd, Ms. Linna Liu and Ms. Xijuan Jiang as non-executive directors and Mr. Yi He, Mr. Guangzhong Xing and Ms. Jue Pang as independent non-executive directors.

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