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Canadian Oil Sands Limited Announces Release Date and Conference Call for 2013 Budget

CALGARY, ALBERTA — (Marketwire) — 11/22/12 — Canadian Oil Sands Limited (TSX: COS) (OTCQX: COSWF) (COS) plans to release its 2013 budget on Thursday, November 29, 2012 at approximately 5:00 p.m. MT (7:00 p.m. ET). The news release will provide our outlook for the Syncrude project and expectations for COS– financial results in 2013.

A conference call and webcast will be held on Friday, November 30 at 8:00 a.m. MT (10:00 a.m. ET). To participate, please dial (888) 231-8191 (toll-free in North America) or (647) 427-7450 approximately 10 minutes prior to the conference call. An archived recording of the call will be available from approximately 11:00 a.m. MT on November 30 until midnight of December 7, 2012 by dialing (855) 859-2056 or (403) 451-9481 and entering conference password 70803185.

A live and archived audio webcast of the conference call will also be available on Canadian Oil Sands– website at , under the Presentations and Events section in the Investor Centre, or via the following link: .

Canadian Oil Sands Limited

Canadian Oil Sands is a pure investment opportunity in light, sweet crude oil. Through our 36.74% interest in the Syncrude project, we offer a solid, robust production stream of fully upgraded crude oil, exposure to future crude oil prices, potential growth through high-quality oil sands leases and an attractive dividend.

For more information please visit our web site at: .

Shares Listed

Toronto Stock Exchange Symbol: COS

OTCQX Symbol: COSWF

Contacts:
Canadian Oil Sands Limited
Siren Fisekci
VP, Investor & Corporate Relations
(403) 218-6228

Canadian Oil Sands Limited
Alison Trollope
Manager, Investor Relations
(403) 218-6231

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