2012-09-07 22:32:17 -

NOT FOR DISTRIBUTION TO THE U.S.A. NEWS WIRE SERVICES OR FOR DISSEMINATION TO THE U.S.A.


Calgary, Alberta: Alberta Oilsands Inc. ("AOS" or the "Company") (TSXV: AOS) announced is pleased to announce the appointment of GMFB Communications Inc. ("GMFB") to assist the Company with Investor Relations activities. GMFB is a Toronto based investor relations and consulting company, with several years of experience, specializing in junior markets.

GMFB is an independent firm engaged by the Company to act as the primary interface between AOS and the investment community, focusing on market awareness initiatives, the facilitation of fund raising, as well as introduction to GMFB's institutional and retail distribution networks. GMFB will oversee the development and implementation of an overall corporate communications plan.

GMFB will

receive a monthly fee for a 12-month term, and will be granted incentive stock options, as approved by AOS and pursuant to the Company's stock option plan and the rules of the TSX Venture Exchange ("TSXV"). The
Investor Relations Agreement between the Company and GMFB remains subject to TSXV acceptance.


About AOS

Alberta Oilsands Inc. 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:

GMFB Communications Inc.
(416) 907-9422
Email: achambers@gmfbcommunications.ca
Website: www.gmfbcommunications.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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