William A. Friley Appointed Chairman of Osum Oil Sands Corp.

Osum Oil Sands Corp. (Osum) is pleased to announce that long-time board member, William A. (Bill) Friley, has been appointed Chairman of the Board of Directors.

Commenting on the appointment, Steve Spence, President and CEO of Osum, said, “We are extremely happy that Bill has taken on the role of Chairman. Bill joined the Osum Board in 2007 and has provided invaluable insight and guidance as we’ve acquired and progressed our Cold Lake and Saleski carbonate assets. I look forward to working closely with Bill as we move through this exciting period of growth and as we work to deliver on our long term business strategy.”

Mr. Friley is a geologist by training, who brings over 35 years of exploration and production business expertise and a deep knowledge of the western Canadian sedimentary basin. He was founder, President, CEO and Chairman of Triumph Energy Corp., a TSX-listed oil and gas exploration company, from 1993-2001. He is also past Chair of the Canadian Association of Petroleum Producers. Currently Mr. Friley is President and CEO of Telluride Oil and Gas Ltd. and Skyeland Oils Ltd. and serves on the boards of Obsidian Energy Ltd., Titan Energy Services Ltd. and Advanced Flow Technologies Inc.

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