Sunshine Oilsands Ltd. (the Corporation) issued an announcement indicating that the dispatch of a circular related to the Acquisition of 51% equity interest in a target company, originally expected on or before October 22, 2025, will be further postponed. According to the Board of Directors, additional time is required to complete and incorporate certain necessary information into the circular. The new dispatch date is now set on or before November 13, 2025.

Based on the announcement, this transaction involves the issuance of consideration shares under a specific mandate. The Corporation reiterates that completion remains subject to predetermined conditions, and there is no assurance regarding the eventual outcome. Shareholders and potential investors are advised to exercise caution when dealing in the Corporation’s shares.

Sunshine Oilsands Ltd. is a public corporation focusing on oil sands development, with significant lease holdings in the Athabasca region. As disclosed, forward-looking matters in the announcement, including project timelines and future costs, are subject to various risks and uncertainties. The Corporation emphasizes that actual outcomes may differ from expectations and undertakes no obligation to update such statements unless required by applicable securities legislation.