Canadian Oil Sands Trust provided earnings guidance for 2010. Revenues, net of crude oil purchases and transportation, are estimated at CAD 3 billion, reflecting single point production estimate and a CAD 71 per barrel sales price. Capital expenditure is estimated at CAD 541 million. Cash from operating activities is estimated at CAD 1 billion.

Canadian Oil Sands Trust has declared a quarterly distribution amount of CAD 0.35 per unit for unit holders of record on November 20, 2009, payable on November 30, 2009; a CAD 0.10 per unit increase from the distribution paid in the prior quarter.

Canadian Oil Sands Trust reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, revenues were $1,884 million against $3,775 million a year ago. Earnings before taxes were $248 million against $1,381 million a year ago. Net income was $336 million or $0.69 per basic and diluted share against $1,399 million or $2.91 per basic and diluted share a year ago. Cash from operating activities was $219 million against $1,775 million a year ago. Capital expenditures were $308 million against $195 million a year ago. For the nine months, revenues were $809 million against $1,463 million a year ago. Earnings before taxes were $272 million against $610 million a year ago. Net income was $247 million or $0.51 per basic and diluted share against $604 million or $2.91 per basic and diluted share a year ago. Cash from operating activities was $213 million against $921 million a year ago. Capital expenditures were $85 million against $94 million a year ago.