Suncor Energy Inc.

Suncor Energy Inc.

January 30, 2008 00:00 ET

Suncor Energy teleconference to review $20.6 billion expansion plans and 2008 capital spending program

Calgary, Alberta (January 30, 2008) — Suncor Energy Inc. will host an investor and media teleconference today at 8:00 a.m. MT / 10:00 a.m. ET to review the Board of Directors' approval of a $20.6 billion capital plan to expand production to 550,000 barrels per day in 2012 and the company's related capital spending plans for 2008 (see separate news releases issued today).

Representing management will be Rick George, president and chief executive officer, Ken Alley, senior vice president and chief financial officer and John Rogers, vice president, investor relations. A question and answer period will follow brief remarks from management.

To participate in the teleconference, call toll-free 1-800-595-8550. Those calling from outside of North America should dial +1-416-644-3414. A replay of the conference call will be available until February 13, 2008. To access, dial 1-877-289-8525 (pass code: 21261531 followed by the pound sign). Callers from outside North America should dial +1-416-640-1917 (pass code: 21261531 followed by the pound sign).

To participate in the conference via webcast, go to www.suncor.com/webcasts.

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:

Media: Brad Bellows at (403) 269-8717
Investors: John Rogers at (403) 269-8670