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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 www.cdnoilsands.com, under the Presentations and Events section in the Investor Centre, or via the following link: http://event.on24.com/r.htm?e=542350&s=1&k=B2B8C275990C46324C22634ED6B9F160.

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: www.cdnoilsands.com.

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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