Canadian Oil Sands Trust

Canadian Oil Sands Trust

November 16, 2007 23:59 ET

Canadian Oil Sands Appoints Ian Bourne to Board of Directors

CALGARY, ALBERTA--(Marketwire - November 16, 2007) - Canadian Oil Sands Trust (TSX:COS.UN) (the "Trust") today announced that Mr. Ian Bourne has been appointed as a new Director of Canadian Oil Sands Limited, a wholly owned subsidiary of the Trust.

"We are delighted to welcome Ian Bourne to our Board, who brings with him strong financial management skills honed by extensive experience working in executive positions at some of Canada's most respected companies," said Marcel Coutu, Canadian Oil Sands' President and Chief Executive Officer.

Mr. Bourne has completed the Institute of Corporate Directors, Corporate Governance program and is accredited as a certified director under that program. He is Chair of the Board for Ballard Power Systems Inc., and is a director for the Canada Pension Plan Investment Board as well as Wajax Income Fund and Wajax Limited. Mr. Bourne's 36 years of corporate experience include Chief Financial Officer positions with TransAlta Corporation, Canada Post Corporation and GE Canada. He also has held senior executive positions elsewhere within the General Electric Company. Mr. Bourne holds a Bachelor of Commerce degree from Mount Allison University.

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 479.3 million units outstanding, trading on the Toronto Stock Exchange under the symbol COS.UN.

Canadian Oil Sands Limited

Marcel Coutu

President & Chief Executive Officer

Units Listed - Symbol: COS.UN

Toronto Stock Exchange

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