2012-05-22 15:30:53 -

FOR IMMEDIATE RELEASE
May 22, 2012

Press Release

Calgary, Alberta: Alberta Oilsands Inc. (TSXV-AOS)(the "Company", "Alberta Oilsands" or "AOS")is pleased to announce that Mr. Michael Langley has joined the Board of Directors (the "Board") of AOS. Mr. Langley is a Professional Engineer with over 35 years experience in the oil and gas and chemical industries, the majority in heavy oil and oil sands. Mr. Langley held senior positions in several organizations including Husky Energy Inc., Ranger Oil Limited and Ensyn Petroleum, and he was co-founder of North American Oil Sands Corporation, which was sold to Statoil in 2007. Current directorships include Tartan Canada Corporation and Drexan Energy Systems Inc. Mr. Langley was formerly a director of the Petroleum Research Centre

in Regina, Saskatchewan; and is Founder of the Oil Sands Executive Meeting Group in Calgary, Alberta. Mr. Langley holds a B.Sc. (Hons) Chemical Engineering and is a certified Director (ICD.D) through the Institute of Corporate Directors, Haskayne School of Business, University of Calgary.

Jack Crawford, Chairman of the Board, commented: "the Board is very pleased to welcome Mike. His senior executive expertise and technical knowledge and experience, specifically in the oil sands industry, will be of significant benefit to the Company."

About Alberta Oilsands Inc.

Alberta Oilsands is engaged in the exploration and development of bitumen in the Athabasca oil sands region of northeast Alberta. Its head office is located in Calgary, Alberta, Canada and Alberta Oilsands' common shares are traded on the TSX Venture Exchange under the trading symbol AOS.

For further information please contact:
Jack Crawford, Chairman
(403) 232-3341
Email: jcrawford@aboilsands.ca
Michael Lee, President and Interim CEO
(403) 232-3371
Email: mlee@aboilsands.ca
Website: www.aboilsands.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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