Sunshine Oilsands Ltd has issued a supplemental announcement detailing the financial impact of its planned share subscription under the existing general mandate announced on 23 September 2026.

The company anticipates no material transaction expenses, projecting both gross and net proceeds of approximately HK$6.99 million (about CAD 1.25 million). Management intends to deploy the funds within 15 days of completion.

Planned allocation of proceeds: • Bond repayment: HK$5.13 million, or 73.3% of the total, will be used to settle a US$657,298.55 bond owed to independent third-party investor Ms. Chu Wai Man. This bond is currently subject to a winding-up petition filed on 5 August 2026. • Operating expenses: HK$0.98 million (14.0%) is earmarked for mineral and surface lease operating costs. • Legal fees: HK$0.89 million (12.7%) will cover general working-capital legal expenses.

All other information in the original 23 September announcement remains unchanged, according to the board chaired by Executive Chairman Mr. Kwok Ping Sun.