Sun Kwok Ping Files Early Warning Report for Purchase of Common Shares in Sunshine Oilsands Ltd.

HONG KONG and CALGARY, Alberta, May 20, 2015 /CNW/ -- Mr. Sun Kwok Ping (the "Securityholder") has filed an early warning report dated May 20, 2015 advising of the purchase of 51,830,000 common shares of Sunshine Oilsands Ltd. (the "Company") (HKEX: 2012; TSX: SUO) at an average price of HK$0.695 per share and the purchase of 39,614,500 common shares of the Company at an average price of HK$0.720 per share of representing, in aggregate, approximately 2.35% of the outstanding common shares of the Company.  The Securityholder has filed the report as a result of the increase in his holdings from 360,633,500 (9.24%) common shares and now holds 452,078,000 (11.59%) common shares of the 3,899,986,888 issued and outstanding common shares of the Company.

The Securityholder holds the common shares of the Company for investment purpose and may from time to time acquire additional common shares of the Company either on open market or through private placements or sell common shares of the Company either on the open market or through private placements.  This news release is being issued under the early warning provision of the Canadian provincial securities legislation.

SOURCE Sunshine Oilsands Ltd.

Mr. Leon Zhou at [phone]