RE: First Quarter 2011 Results Conference Call and
MarketwireOPTI Canada Inc.April 20, 2011 - 09:14:46 PMOPTI Canada to Host First Quarter 2011 Results Conference Call and 2011 AnnualShareholder Meeting on April 27, 2011CALGARY, ALBERTA--(Marketwire - April 20, 2011) - OPTI Canada Inc. (OPTI)(TSX:OPC)FIRST QUARTER 2011 RESULTS CONFERENCE CALLOPTI Canada Inc. (OPTI) announced today that it will conduct a conference callat 6:30 a.m. Mountain Time (8:30 a.m. Eastern Time) on Wednesday, April 27,2011 to review the Company's first quarter 2011 financial and operatingresults. Chris Slubicki, President and Chief Executive Officer, and TravisBeatty, Vice President, Finance and Chief Financial Officer, will host thecall. To participate in the conference call, dial:(888) 231 - 8191 (North American Toll-Free)(647) 427 - 7450 (Alternate)Please reference the OPTI Canada conference call with Chris Slubicki whenspeaking with the Operator.A replay of the call will be available until May 11, 2011, inclusive. Toaccess the replay, call (416) 849-0833 or (800) 642-1687 and enter passcode56019994.This call will also be webcast, and can be accessed on OPTI Canada's website(www.opticanada.com) under "Presentations and Webcasts" in the "For Investors"section. The webcast will be available for a period of 30 days and mayalternatively be accessed at:https://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3459500.ANNUAL SHAREHOLDER MEETINGThe OPTI Canada Annual General Meeting of Shareholders (AGM) will be held onWednesday, April 27, 2011 at 9:00 a.m. Mountain Time. The event will takeplace at the Metropolitan Conference Centre at 333 Fourth Avenue S.W. inCalgary, Alberta.The Company will provide a corporate update immediately after the formalproceedings of the AGM. The webcast can be accessed on OPTI Canada's website(www.opticanada.com) under "Presentations and Webcasts" in the "For Investors"section. The webcast will be available for a period of 90 days and mayalternatively be accessed at:https://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3419680. About OPTIOPTI Canada Inc. is a Calgary, Alberta-based company focused on developingmajor oil sands projects in Canada. Our first project, the Long Lake Project,plans for approximately 72,000 barrels per day (bbl/d), on a 100 percentbasis, of SAGD (steam assisted gravity drainage) oil production integratedwith an upgrading facility. The Upgrader uses our proprietary OrCrude(TM)process, combined with commercially available hydrocracking and gasification.Through gasification, this configuration substantially reduces the exposure toand the need to purchase natural gas. On a 100 percent basis, the Project isexpected to produce 58,500 bbl/d of products, primarily 39 degree API PremiumSweet Crude (PSC(TM)). Due to its premium characteristics, we expect PSC(TM)to sell at a price similar to West Texas Intermediate (WTI) crude oil. TheLong Lake Project is a joint venture between OPTI and Nexen Inc. (Nexen). OPTIholds a 35 percent working interest in the joint venture. Nexen is the soleoperator of the Project. OPTI's common shares trade on the Toronto StockExchange under the symbol OPC.Additional information relating to our Company, including our AnnualInformation Form, can be found at www.sedar.com.FOR FURTHER INFORMATION PLEASE CONTACT: OPTI Canada Inc. Krista Ostapovich Investor Relations (403) 218-4705 ir@opticanada.com OPTI Canada Inc. Suite 1600, 555 - 4th Avenue SW Calgary, Alberta, Canada T2P3E7 (403) 249-9425