Canadian Oil Sands Trust

Canadian Oil Sands Trust

April 30, 2010 17:29 ET

Canadian Oil Sands Trust Unitholders Approve Resolutions at Annual and Special Meeting, Including Conversion to Corporation

CALGARY, ALBERTA--(Marketwire - April 30, 2010) - Canadian Oil Sands Trust (the "Trust") (TSX:COS.UN) held its annual and special meeting of Unitholders in Calgary yesterday. A total of approximately 316,803,560 units were represented in person or by proxy.

During business proceedings the Unitholders approved, with 99 per cent of units represented voting in favour, the resolution for the plan of arrangement, with the plan for the Trust to reorganize into a corporation on or about December 31, 2010. The Court of Queen's Bench also issued a final order approving this arrangement today.

All other resolutions presented at the meeting were also approved by the Unitholders. For more information, view the Report of Voting Results available at:

An archive of the Web cast of the meeting may be accessed from Canadian Oil Sands' Web site at:

Canadian Oil Sands provides a pure investment opportunity in the Syncrude Project through its 36.74 per cent working interest. The Trust is an open-ended investment trust managed by Canadian Oil Sands Limited and has approximately 484.4 million units outstanding, trading on the Toronto Stock Exchange under the symbol COS.UN.

Located near Fort McMurray, Alberta, Syncrude Canada operates large oil-sands mines and an upgrading facility that produces a light, sweet crude oil on behalf of its joint venture owners, which include Canadian Oil Sands Limited, ConocoPhillips Oilsands Partnership II, Imperial Oil Resources, Mocal Energy Limited, Murphy Oil Company Ltd., Nexen Oil Sands Partnership, and Suncor Energy Oil and Gas Partnership.

Canadian Oil Sands Limited
Marcel Coutu 
President & Chief Executive Officer

Units Listed – Symbol: COS.UN
Toronto Stock Exchange

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