Calgary, AB. Oct. 3, 2006 (TSX – COS.UN) — Mr. Marcel Coutu, President and Chief Executive Officer, Canadian Oil Sands, is scheduled to present at the Scotia Capital Energy Trusts 2006 conference in Toronto, Ontario on October 11 at approximately 11:30 a.m. eastern standard time (9:30 a.m. mountain standard time). The presentation will include an update on the Stage 3 expansion and production rates. Presentation slides and a live audio Web cast will be available on the Trust’s Web site at: http://www.cos-trust.com/investor/invPresent.aspx.

Canadian Oil Sands also is planning to release its third quarter financial and operating results on October 24 after market close. The report will be available on the Trust’s Web site at: http://www.cos-trust.com/investor/financial/finR_2006.aspx.

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