Canadian Oil Sands appoints Ian Bourne to Board of Directors

    CALGARY, Nov. 16 /CNW/ - (TSX - COS.UN) - Canadian Oil Sands Trust (the
"Trust") today announced that Mr. Ian Bourne has been appointed as a new
Director of Canadian Oil Sands Limited, a wholly owned subsidiary of the
    "We are delighted to welcome Ian Bourne to our Board, who brings with him
strong financial management skills honed by extensive experience working in
executive positions at some of Canada's most respected companies," said
Marcel Coutu, Canadian Oil Sands' President and Chief Executive Officer.
    Mr. Bourne has completed the Institute of Corporate Directors, Corporate
Governance program and is accredited as a certified director under that
program. He is Chair of the Board for Ballard Power Systems Inc., and is a
director for the Canada Pension Plan Investment Board as well as Wajax Income
Fund and Wajax Limited. Mr. Bourne's 36 years of corporate experience include
Chief Financial Officer positions with TransAlta Corporation, Canada Post
Corporation and GE Canada. He also has held senior executive positions
elsewhere within the General Electric Company. Mr. Bourne holds a Bachelor of
Commerce degree from Mount Allison University.

    Canadian Oil Sands provides a pure investment opportunity in the Syncrude
Project through its 36.74 per cent working interest. The Trust is an
open-ended investment trust managed by Canadian Oil Sands Limited and has
approximately 479.3 million units outstanding, trading on the Toronto Stock
Exchange under the symbol COS.UN.

    Canadian Oil Sands Limited
    Marcel Coutu
    President & Chief Executive Officer

    Units Listed - Symbol: COS.UN
    Toronto Stock Exchange

For further information:

For further information: Siren Fisekci, Director Investor Relations,
(403) 218-6228,, Web site:

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