Calgary, AB. Sept. 7, 2006 (TSX – COS.UN) — Mr. Marcel Coutu, President and Chief Executive Officer, Canadian Oil Sands, is scheduled to present at the following conferences:

• BMO Capital Markets Energy Tour in Calgary, Alberta on September 11 at approximately 8:45 a.m. mountain standard time (10:45 a.m. eastern standard time).
• Peters & Co. Limited North American Oil & Gas Conference in Toronto, Ontario on September 13 at approximately 2:45 p.m. eastern standard time (12:45 a.m. mountain standard time).
  

The presentations will review Syncrude operations, including an update on the Stage 3 expansion and production rates, as well as Canadian Oil Sands’ outlook for 2006. The presentation slides and a live audio Web cast of the Peters & Co presentation will be available on the Trust’s Web site at: http://www.cos-trust.com/investor/invPresent.aspx.

Canadian Oil Sands also is scheduled to participate in the Oil and Gas Trust Symposium on September 18 at the Telus Convention Centre in Calgary, Alberta. This is an educational forum open to the public. For more information and to register, please visit the Symposium’s Web site at: www.incometrustday.com

Canadian Oil Sands Trust provides a pure investment opportunity in the oil sands through its 35.49 per cent working interest in the Syncrude Project. Located near Fort McMurray, Alberta, Syncrude operates large oil sands mines and an upgrading facility that produces a light, sweet crude oil. Canadian Oil Sands is an open-ended investment trust, which allows it to make distributions on a tax-efficient basis. The Trust is managed by Canadian Oil Sands Limited and has approximately 468 million units outstanding, trading on the Toronto Stock Exchange under the symbol COS.UN.

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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