Alberta Oilsands Waves Goodbye to VP

Alberta Oilsands announced that Mr. Chad Dust, the former Executive Vice President, Finance and Business Development of AOS is no longer with the Company and will be pursuing other endeavors.

The Executive Chairman of Alberta Oilsands Inc., Mr. Shabir Premji, thanked Mr. Dust for his contribution to the management team and the development of the Company.

"On behalf of my fellow directors and the management, I would like to thank Chad for the hard work and commitment he brought to the management team over the last 3 years. We wish him every success in his future endeavors."