Placing Agent to the Placing China Industrial Securities International Capital Limited
(WorldNews Canada)

Sunshine Oilsands Ltd. is committed to providing our investors and the public with timely and accurate information regarding our business and operating activies. Hong Kong (December 14, 2017) and Calgary, Alberta (December 14, 2017) - The Board of Directors (the `Board`) of Sunshine Oilsands Ltd. (the `Corporation` or `Sunshine`) (HKEX: 2012) is pleased to announce the following: PLACING OF NEW SHARES UNDER GENERAL MANDATE (a) The Placing On December 14, 2017 in Hong Kong (December 14, 2017 in Calgary), the Corporation entered into a placing agreement (the `Placing Agreement`) with China Industrial Securities International Capital Limited (the `Placing Agent` or `CISC`) under which the...