Calgary, May 3, 2004 (TSX – COS.UN) — Mr. Marcel Coutu, President and Chief Executive Officer of Canadian Oil Sands Limited, manager of Canadian Oil Sands Trust, is scheduled to present at the following conferences:

• FirstEnergy Capital Corp. 
  Vancouver, B.C.
  May 5 at 10:52 a.m. Pacific time (11:52 a.m. mountain standard time)

• Canaccord Capital Income Trust Conference
  Montreal, Quebec
  May 13 at 8:30 a.m. eastern standard time (6:30 a.m mountain standard time)

Slides of these presentations and a live audio Web cast of the FirstEnergy presentation will be available at Canadian Oil Sands Trust’s Web site, www.cos-trust.com under investor information, presentations & Web casts.

Canadian Oil Sands Trust is an open-ended investment trust that generates income from its indirect 35.49 per cent working interest in the Syncrude Joint Venture. The Trust currently has approximately 87.5 million units outstanding, which trade on the Toronto Stock Exchange under the symbol COS.UN. The Trust is managed by Canadian Oil Sands Limited.

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Canadian Oil Sands Limited
Marcel Coutu
President & Chief Executive Officer

Units Listed – Symbol: COS.UN
Toronto Stock Exchange
 For further information:

Siren Fisekci
Director, Investor Relations:
(403) 218-6228
investor_relations@cos-trust.com

Web site: www.cos-trust.com