Sunshine Oilsands Ltd. Announcement of Executive Appointment

HONG KONG, April 14, 2013 /CNW/ - Sunshine Oilsands Ltd. ("Sunshine") (HKEX: 2012; TSX: SUO) is pleased to announce that Mr. Mark Montemurro has agreed to join Sunshine as Senior Vice President, Engineering & Geosciences. Mr. Montemurro has over 25 years of experience in technology, construction and production operations with extensive thermal in-situ oil sands experience. Mr. Montemurro was involved in the initial phases of the Christina Lake and Senlac producing SAGD facilities at PanCanadian Energy Corporation and CS Resources Limited as well as at Deer Creek directing their Joslyn operations. Most recently, Mr. Montemurro was Vice President In Situ and Innovation at Laricina, a private oil sands company with clastic and carbonate thermal operations in Alberta.

Sunshine wishes to thank Laura Sullivan, the previous Senior Vice President Engineering & Geosciences, for her contribution as she pursues other personal interests outside the country.

For Mr. Montemurro's complete biography, please visit company website.

About Sunshine Oilsands Ltd.

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 100% of approximately 1.1 million acres of oil sands leases, equivalent to approximately 7% of the total oil sands leases granted in the Athabasca region. The Corporation is currently focused on executing milestone undertakings in the West Ells project area, where first steam is scheduled for the third quarter of 2013. 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 early 2014. In addition to West Ells activities, Sunshine is progressing regulatory approvals for two additional 10,000 barrels per day projects, one in Thickwood and one in Legend and various expansion opportunities.

SOURCE: Sunshine Oilsands Ltd.