Your GREEN Proxy Votes for the Concerned Shareholders of Alberta Oilsands Inc., are Needed Today and Must be Voted Online to Count

TORONTO, ONTARIO--(Marketwire - June 25, 2012) - The Concerned Shareholders reported today:

"We are thrilled by the overwhelming wave of retail support that we have received so far. However, every vote still counts in order to ensure our victory at the meeting on Thursday June 28th. Today is the last day to vote. Please see the instructions below to vote your proxy online no later than 5 p.m. today."

"We have already demonstrated up to and including our agreement in principle, on which Paradigm Capital Inc. is advising, for a $50 million investment in Algar Lake that we will build major value very quickly, which will result in an upward re-rating in the shares of AOS. When we presented this deal we were attacked by management who have not been able to attract any investment into the asset base."

IT IS NOT TOO LATE TO CHANGE YOUR VOTE IF YOU HAVE VOTED THE BLUE MANAGEMENT PROXY, AND NOW WANT TO SUPPORT THE CONCERNED SHAREHOLDERS' NEW BOARD. PLEASE SEE INSTRUCTIONS BELOW.

** IMPORTANT: If shareholders have already voted using the blue management proxy, CHANGE YOUR VOTE simply by executing and submitting the GREEN form of proxy; as it is the later-dated proxy that will be counted. If a shareholder is no longer in possession of his/her GREEN proxy, simply call Phoenix Advisory Partners toll free at 1-800-294-4817 and they will arrange to have your GREEN proxy voted.

If you require assistance voting your GREEN proxy, please contact Phoenix Advisory Partners toll free at 1-800-294-4817 or visit www.saveAOS.com to vote NOW.

Once there, click on the big green VOTE button and simply type in your control number listed on your GREEN proxy which you received in the mail.

TO BE EFFECTIVE, GREEN PROXIES MUST BE RECEIVED BEFORE AND NO LATER THAN 5:00 P.M. (CALGARY TIME) ON JUNE 25, 2012