Suncor Energy Inc.

Suncor Energy Inc.

December 13, 2006 00:00 ET

Suncor Energy pursues land options in Sturgeon County

Calgary, Alberta (December 13, 2006) — Suncor Energy Inc. today announced it is pursuing options for the purchase of land in Sturgeon County, northeast of Edmonton, Alberta.

The company has already secured options on several parcels and is beginning consultation with the community on land use planning in anticipation of potential future development as part of Suncor's long-term growth strategy, post 2012.

There currently are no firm plans for development of this property. The timelines for potential development have not yet been established and will, in part, be determined through consultation with the community, regulators, industry and other stakeholders.

This news release contains forward-looking statements that address goals, expectations or projections about the future. These statements are based on Suncor's current goals, expectations, estimates, projections and assumptions, as well as its current long-term growth plans. Some of the forward-looking statements may be identified by the words "pursuing", "potential", "development", "future" "plans" and similar expressions. These statements are not guarantees of future performance. Actual development and plans could differ materially, as a result of factors, risks and uncertainties, known and unknown, to which Suncor's business is subject. Further discussion of the risks, uncertainties and other factors that could affect these plans, and any actual results, is included in Suncor's annual report to shareholders and other documents filed with regulatory authorities.

Suncor Energy Inc. is an integrated energy company headquartered in Calgary, Alberta. Suncor's oil sands business, located near Fort McMurray, Alberta, extracts and upgrades oil sands and markets refinery feedstock and diesel fuel, while operations throughout western Canada produce natural gas. Suncor operates a refining and marketing business in Ontario with retail distribution under the Sunoco brand. U.S.A. downstream assets include pipeline and refining operations in Colorado and Wyoming and retail sales in the Denver area under the Phillips 66® brand. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

Suncor Energy (U.S.A.) Inc. is an authorized licensee of the Phillips 66® brand and marks in the state of Colorado. Sunoco in Canada is separate and unrelated to Sunoco in the United States, which is owned by Sunoco, Inc. of Philadelphia.


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For further information, contact:

Brad Bellows 
403-269-8717