Sunshine Oilsands Ltd. has signed a second supplemental agreement with its placing agent on 21 May 2026 to extend the closing date for issuing up to 114.28 million new shares under a specific mandate. The deadline moves from 31 May 2026 to 31 July 2026, or a later date subject to mutual consent.

All other provisions in the original placing agreement remain unchanged.

The board currently comprises two executive directors, two non-executive directors and three independent non-executive directors, with Executive Chairman Kwok Ping Sun authorising the announcement from both Hong Kong and Calgary on 21 May 2026.