Canadian Oil Sands to Hold Annual General Meeting

CALGARY, ALBERTA--(Marketwire -04/25/12)- Canadian Oil Sands Limited (COS.TO - News) (COSWF.PK - News) ("COS") will hold its Annual General Meeting of Shareholders on Monday, April 30, 2012 at 2:30 p.m. (MDT) in the Ballroom of the Metropolitan Conference Centre, located at 333 Fourth Avenue SW, Calgary, Alberta.

A live audio webcast of the meeting can be accessed from COS' website at www.cdnoilsands.com. An archived version of the webcast and presentation material also will be available shortly after the live webcast from the website and archived for 90 days.

The close of business on March 20, 2012 was fixed as the record date for determination of those shareholders entitled to receive notice and to vote at the meeting. If voting by mail, all proxies must be received by Computershare Trust Company no later than 2:30 p.m. (MDT) on Thursday, April 26, 2012.

Media attending the meeting will be asked to show accreditation when signing in.

COS' first quarter 2012 results are scheduled to be released after market close the same day.

Canadian Oil Sands Limited holds a 36.74 per cent working interest in the Syncrude joint venture, providing a pure investment opportunity in Syncrude's crude oil producing assets. Syncrude is a major producer of light, sweet, synthetic crude oil with current productive capacity of 350,000 barrels per day, a high-quality, long-life resource base and plans to expand production.

For more information about Canadian Oil Sands please visit our web site at www.cdnoilsands.com

Shares Listed

Toronto Stock Exchange Symbol: COS

OCTQX Symbol: COSWF