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Press release from Marketwire

Canadian Oil Sands Files Certain Annual Disclosure Documents

Thursday, March 10, 2011

Canadian Oil Sands Files Certain Annual Disclosure Documents15:07 EST Thursday, March 10, 2011CALGARY, ALBERTA--(Marketwire - March 10, 2011) - Canadian Oil Sands Limited (the "Corporation") (TSX:COS) today filed with Canadian securities regulatory authorities the Corporation's audited consolidated annual financial statements for the year ended December 31, 2010 and related management's discussion and analysis. The Corporation also filed its Annual Information Form dated March 10, 2011, which includes disclosure and reports relating to reserves data and other oil and gas information pursuant to National Instrument 51-101. The Corporation's 2010 Annual Report and Management Proxy Circular will be filed later 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 is the largest joint venture owner of Syncrude, a major producer of light, sweet, synthetic crude oil. We hold a 36.74 per cent working interest in Syncrude, generating revenue from our share of production and demonstrating a history of paying quarterly dividends. COS is a unique investment in long-term crude oil producing assets. Syncrude's productive capacity is 350,000 barrels per day and its reserve base could support production at that level for decades.For more information about Canadian Oil Sands please visit our web site at www.cdnoilsands.com.Canadian Oil Sands LimitedMarcel Coutu, President & Chief Executive OfficerShares Listed – Symbol: COSToronto Stock ExchangeFOR FURTHER INFORMATION PLEASE CONTACT: Siren FisekciCanadian Oil Sands LimitedVP, Investor & Corporate Relations(403) 218-6228invest@cdnoilsands.comwww.cdnoilsands.com