Canadian Oil Sands Trust announces 2008 first quarter results and a quarterly distribution increase to $1.00 per Trust unit

All financial figures are unaudited and in Canadian dollars unless otherwise noted. 


TSX - COS.UN


CALGARY, April 28 /CNW/ - Canadian Oil Sands Trust ("Canadian Oil Sands",
the "Trust" or "we") today announced first quarter 2008 results and a 33 per
cent increase in the Trust's quarterly distribution to $1.00 per Trust unit
("Unit") for Unitholders of record on May 16, 2008, payable on May 30, 2008.
First quarter 2008 cash from operating activities more than doubled to
$441 million ($0.92 per Unit), compared to the first quarter of 2007. Net
income in the first quarter of 2008 increased to $298 million ($0.62 per Unit)
from $262 million ($0.55 per Unit) last year.

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