SYS-CON MEDIA Authors: RealWire News Distribution, Gathering Clouds, CloudCommons 2012, Kevin Benedict

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Canadian Oil Sands Files Certain Annual Disclosure Documents

CALGARY, ALBERTA -- (Marketwire) -- 02/22/13 -- Canadian Oil Sands Limited (TSX:COS) (OTCQX:COSWF) (the "Corporation") today filed with Canadian securities regulatory authorities the Corporation's audited consolidated annual financial statements for the year ended December 31, 2012 and related management's discussion and analysis. The Corporation also filed its Annual Information Form dated February 21, 2013, which includes disclosure and reports relating to reserves data and other oil and gas information pursuant to National Instrument 51-101. The Corporation's 2012 Annual Report and Management Proxy Circular will be filed in March. Copies of the filed documents may be obtained through the Corporation's profile on www.sedar.com, the Corporation's website at www.cdnoilsands.com, or by emailing the Corporation at invest@cdnoilsands.com.

Canadian Oil Sands Limited

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, exposure to future crude oil prices, potential growth through high-quality oil sands leases and an attractive dividend.

For more information about Canadian Oil Sands please visit our web site at www.cdnoilsands.com.

Shares Listed

Toronto Stock Exchange Symbol: COS

OCTQX Symbol: COSWF

Contacts:
Canadian Oil Sands Limited
Marcel Coutu
President & Chief Executive Officer
(403) 218-6220
invest@cdnoilsands.com

Canadian Oil Sands Limited
Siren Fisekci
VP, Investor & Corporate Relations
(403) 218-6220
invest@cdnoilsands.com

Canadian Oil Sands Limited
Alison Trollope
Manager, Investor Relations
(403) 218-6220
invest@cdnoilsands.com
www.cdnoilsands.com

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