Canadian Oil Sands' Shareholders Elect Directors at Annual General Meeting
CALGARY, ALBERTA--(Marketwired - May 1, 2014) - Canadian Oil Sands Ltd. ("COS") (TSX:COS) held its Annual General Meeting in Calgary on April 30, 2014. A total of approximately 261 million shares (approximately 54% of outstanding common shares) were represented in person or by proxy.
During business proceedings at the meeting, shareholders elected 11 Board members, including 10 independent directors, until the next annual general meeting. The voting results of shares represented at the meeting for individual directors were as follows:
| Nominee | Votes For | Votes Withheld |
| Ian A. Bourne | 235,424,409 (98.06%) | 4,661,758 (1.94%) |
| Gerald W. Grandey | 238,046,853 (99.15%) | 2,039,314 (0.85%) |
| Arthur N. Korpach | 238,099,337 (99.17%) | 1,986,830 (0.83%) |
| Ryan M. Kubik | 238,054,771 (99.15%) | 2,031,396 (0.85%) |
| Donald J. Lowry | 229,487,722 (95.59%) | 10,598,445 (4.41%) |
| Sarah E. Raiss | 237,984,700 (99.12%) | 2,101,467 (0.88%) |
| John K. Read | 237,920,529 (99.10%) | 2,165,638 (0.90%) |
| Brant G. Sangster | 238,145,345 (99.19%) | 1,940,822 (0.81%) |
| C. E. (Chuck) Shultz | 236,368,647 (98.45%) | 3,717,520 (1.55%) |
| Wesley R. Twiss | 236,016,922 (98.31%) | 4,069,245 (1.69%) |
| John B. Zaozirny | 228,357,943 (95.11%) | 11,728,224 (4.89%) |
The biographies of Board members and further details about COS' corporate governance practices are available on www.cdnoilsands.com.
All other resolutions presented at the meeting were also approved by shareholders. For more information, view the Report of Voting Results available at: www.sedar.com.
An audio recording of the meeting is available at www.cdnoilsands.com, and will be archived for 90 days.
Canadian Oil Sands is a pure investment opportunity in light, sweet crude oil. Through our 36.74% interest in the Syncrude Project, we offer a solid, robust production stream of fully upgraded crude oil, potential growth through high-quality oil sands leases and an attractive dividend. For more information please visit our web site at www.cdnoilsands.com.
Contact
Canadian Oil Sands Ltd.
Siren Fisekci
VP, Investor & Corporate Relations
(403) 218-6220
invest@cdnoilsands.com
Canadian Oil Sands Ltd.
Scott Arnold
Director, Sustainability & External Relations