OSUM Announces Key New Hires to Cap Off Elite Cold Lake Operations Team



    CALGARY, March 24 /CNW/ - OSUM Oil Sands Corp., the only junior oil sands
company with a material position in the proven Cold Lake thermal trend, today
announced an expansion of its team to include three new hires with current
Cold Lake commercial project experience. These new hires bring 80 years
management, operations and specialized technical expertise to an innovative,
Alberta-based oil sands company that has already managed to attract some of
the most pre-eminent talent in the industry.
    The new team members include Dr. Qi Jiang, Enhanced Oil Recovery and
Reservoir Engineering Manager, Brad Braun, Environmental and Stakeholder
Relations Manager, and Dave Taylor, Drilling Manager. Their capabilities are
added to those of Bruce Thornton, who possesses substantial experience at the
leading edge of Cold Lake thermal development and was brought on board as
Development and Regulatory Manager in October 2007.
    "OSUM's recent hires have cemented our team with the strongest possible
combination of geoscience and engineering expertise, business skills, and
relevant experience developing reservoirs in the Cold Lake thermal trend,"
said OSUM CEO Richard Todd. "Together with our existing management, these
individuals will maximize the value of our Cold Lake reservoirs. Their
concentrated Cold Lake expertise, dynamic track records and innovative
mindsets will help OSUM take huge strides in Alberta's bitumen industry."
    In his new role, Dr. Qi Jiang P. Eng., Ph.D. will be responsible for
finding ways to increase recovery factors and maximize reservoir productivity.
Dr. Jiang has over 20 years of industry and research experience in the area of
heavy oil and oil sands development. He served most recently as an
exploitation lead of thermal development at CNRL for over 8 years, where he
was involved in thermal operations, reservoir modeling, strategic planning and
acquisitions, technology development and field testing of new thermal and
solvent related recovery processes. He also assisted in the submissions for
the Kirby and Primrose East commercial applications, as well as gas over
bitumen hearing. Prior to CNRL, he worked with Dr. Roger Butler (inventor of
SAGD) at GravDrain Inc. Butler's Calgary based consulting firm which
specialized in SAGD and horizontal well technologies. Prior to coming to
Canada, Mr. Jiang was a reservoir engineering manager at PetroChina where he
was involved in a number of thermal recovery projects. He has published over
20 technical papers on thermal and non-thermal recovery processes including
SAGD, VAPEX, CSS and SAGP. He has been invited as a panel speaker at
international conferences primarily on his experiences with SAGD and CSS
development. Dr. Jiang conducted his Ph. D. and M.Sc. studies, which focused
on development of SAGD and VAPEX processes, under the inventor of SAGD,
Dr. Roger Butler.
    Mr. Bruce Thornton P.Eng. will be responsible for project development on
OSUM's Cold Lake north lands, and oversee the regulatory submission, which is
anticipated in Q4 of 2009. Mr. Thornton has 26 years experience primarily in
production and operations engineering with Dome Petroleum, Amoco Canada and
Canadian Natural. Over the past 17 years he has worked in thermal and primary
heavy oil production operations in several areas in Alberta both at a
supervisory and technical level capacity. Prior to joining OSUM, he served as
a Production/Development Engineer at Canadian Natural, responsible for the
submission of the Primrose East Application and the subsequent drilling and
completions program. Previously Mr. Thornton was also a key participant on the
Amoco Canada Heavy Oil Strategy Team, which helped lay the foundation for
their initial heavy oil operations in Canada. Mr. Thornton is a member of
APEGGA and CIM.
    Mr. Brad Braun P.Eng. will manage the consultation process for the Cold
Lake development and ensuring a clear line of communication between all
stakeholders and the company. With over 20 years experience, Mr. Braun comes
to OSUM from CNRL, where he served as Environment Manager and Engineer for the
past 9 years. In this role, he obtained environmental and regulatory approval
for CNRL's Wolf Lake/Primrose thermal project expansion and developed
long-term relationships with numerous key stakeholders in the Cold Lake area.
Mr. Braun has been active in discussions and negotiations with regulators and
other oil sands industry colleagues through work with key committees such as
the Canadian Association of Petroleum Producers' Water Task Group and has been
a board member of the Lakeland Industry and Community Association (LICA).
    Mr. Dave Taylor is a technical specialist who will oversee all aspects of
drilling and well completion for the project. Mr. Taylor is a drilling veteran
and brings over 33 years experience drilling hundreds of wells to OSUM. He
served as drilling coordinator for Phase 1 of Encana's Foster Creek SAGD
project, drilling and completing the initial 24 SAGD well pairs. Mr. Taylor
has worked on many bitumen and heavy oil projects for numerous companies
including Imperial (Cold Lake), Atlas Energy, Mobil Oil, Canadian Occidental,
and AEC Oil & Gas.
    It is anticipated that OSUM will reach commercial production on its Cold
Lake holdings by 2013. The company has stated its commitment to solutions that
reduce impact to wildlife and habitat, use less water and minimize emissions.

    OSUM Oil Sands Corp. is a privately held, Alberta based company whose
mission is to provide secure, safe energy to North Americans though innovative
and environmentally responsible business practice.





For further information:

For further information: Paul J.C. McDougall, Chief Financial Officer,
OSUM Oil Sands Corp., 3rd Floor, 1204 Kensington Road NW, Calgary, AB, T2N
3P5, (403) 270-4754; Richard A.M. Todd, Chief Executive Officer, OSUM Oil
Sands Corp., 3rd Floor, 1204 Kensington Road NW, Calgary, AB, T2N 3P5, (403)
283-3226

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