CALGARY, Sept. 12 /CNW/ - (TSX - COS.UN) - Canadian Oil Sands Trust is
scheduled to present at the following conferences:

    -   Mr. Allen Hagerman, Chief Financial Officer of Canadian Oil Sands
        Limited, manager of Canadian Oil Sands Trust, will be presenting at
        the RBC Capital Markets North American Energy and Power Conference in
        Houston, Texas on September 16 at 10:55 a.m. central standard time
        (9:55 a.m. mountain standard time)

    -   Mr. Allen Hagerman, Chief Financial Officer of Canadian Oil Sands
        Limited will be presenting at the Peters & Co. North American Oil &
        Gas Conference in Toronto on September 17 at 3:30 p.m. eastern
        standard time (1:30 p.m. mountain standard time) This presentation
        will include an update on Canadian Oil Sands' 2004 crude oil hedge
        positions.

    -   Mr. Marcel Coutu, President and Chief Executive Officer of Canadian
        Oil Sands Limited will be presenting at the Herold's Pacesetters
        Energy Conference in Greenwich, Connecticut on September 23 at
        3:00 p.m. eastern standard time (1:00 p.m. mountain standard time)

    The presentation slides and a live audio Web cast of the RBC Capital
Markets and Peters & Co presentations will be available at Canadian Oil Sands
Trust's Web site, www.cos-trust.com.

    Canadian Oil Sands Trust is an open-ended investment trust that generates
income from its 35.49 per cent working interest in the Syncrude Joint Venture.

    The Trust's approximately 86.7 million units outstanding trade on the Toronto Stock Exchange under the symbol COS.UN. The Trust is managed by Canadian Oil Sands Limited.

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For further information: Canadian Oil Sands Limited: Marcel Coutu, President & Chief Executive Officer, Siren Fisekci, Manager, Investor Relations: (403) 218-6228, investor_relations@cos-trust.com, Web site: www.cos-trust.com; To request a free copy of this organization's annual report, please go to http://www.newswire.ca and click on reports@cnw.