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-Sunshine Oilsands - Placing of up to 247,350,000 new shares under general mandate

Hong Kong and Calgary, Alberta - The Board of Directors (the 'Board') of Sunshine Oilsands Ltd. (the 'Corporation' or 'Sunshine') (HKEX: 2012) is pleased to announce the following: On March 16, 2017 in Hong Kong (March 16, 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 Corporation has conditionally agreed to place, through CISC, on a best ef

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