Canadian Oil Sands Trust (TSE:COS.UN)(PK:COSWF) Sector: Energy Industry: Oil & Gas Operations Website: http://www.canadianoilsandstrust.com/ Canadian Oil Sands Trust (the Trust) is an open-ended investment trust that generates income from its oil sands investment in the Syncrude Joint Venture (Syncrude). Syncrude operates an oil sands facility and produces crude oil through the mining of oil sands from ore deposits in the Athabasca region of Northern Alberta, Canada. As of December 31, 2004, Syncrude operates in its Base, North and Aurora North mines, which represent its proved reserves of about three billion barrels. An additional undeveloped lease, referred to as Aurora South, represents substantially all of its probable reserves. Syncrude's total resource base is nine billion barrels, including the resources of other leases. Syncrude also operates bitumen extraction plants and an upgrading complex that processes bitumen into a light sweet crude oil. Syncrude is administered by Syncrude Canada Ltd. on behalf of eight joint venture owners. As of December 2004, the Trust holds the largest interest (35.49%) in Syncrude.

BRIEF: For the fiscal year ended 31 December 2005, Canadian Oil Sands Trust's net income increased from C$509.2M to C$831M. Net income per trust unit increased from C$5.72 to C$9.01. Canadian Oil Sands Trust is an open-ended investment trust that generates income from its indirect 35.49 per cent working interest in the Syncrude Joint Venture. Syncrude's total resource base is nine billion barrels. The Trust is managed by Canadian Oil Sands Limited.

Canadian Oil Sands Trust 2500 First Canadian Centre 350 - 7th Avenue S.W. Calgary, AB T2P 3N9 Canada

Phone: 1-403-2186200 Fax: 1-403-2186201 Contact: Siren Fisekci Contact Title: Director of Investor Relations Contact Phone: 1-403-2186228

Website: http://www.canadianoilsandstrust.com/

Officers: Shultz, C. E, Chairman of the Board Coutu, Marcel R, President, Chief Executive Officer, Director Hagerman, Allen R, Chief Financial Officer Roberts, Trevor, Chief Operating Officer Curran, Trudy M, General Counsel, Secretary Kubik, Ryan M, Treasurer DuBois, Laureen C, Controller