About US Oil Sands

US Oil Sands is engaged in the exploration and development of oil sands properties. The Company, through its wholly owned US subsidiary, has a 100% interest in bitumen leases covering 31,685 acres of land in Utah. The Company estimates that this land contains a large resource base which, when developed, will provide a significant benefit both to the Utah economy and in meeting US domestic energy requirements.

US Oil Sands plans to develop its oil sands properties using its unique patent-pending extraction process. This process is a very efficient and environmentally responsible approach to oil sands development. Using a unique bio-solvent the Company is able to separate bitumen from oil sand without the need for tailings ponds. The process requires low energy input, recycles 95% of the water used and uses best practice mining methods to rapidly reclaim mined areas. US Oil Sands has received a permit to construct the project on its Utah property and is currently in final design stage targeting first production in 2013.