Coke Boiler Replacement Project

The Coke Boiler Replacement Project will be located at Suncor’s Oil Sands Base Plant, 25 kilometres north of the city of Fort McMurray, Alberta. It will be constructed within the existing footprint of Base Plant Operations.

The Project involves the replacement of three aging petroleum coke-fired boilers with two highly efficient natural gas cogeneration units. The use of cogeneration will generate approximately 800 megawatts (MW) of reliable, low cost, low-carbon power to the Alberta Interconnected Electrical System.

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This publication contains certain forward-looking information and forward-looking statements (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements in this publication include statements regarding the Coke Boiler Replacement Project, including the benefits expected therefrom such as: that excess electricity may be sold to the Alberta Interconnected Electrical System; the expected timing of  construction and first steam; that the project will reduce our air emissions and net water intake and make a measurable environmental contribution in support of provincial and national climate change strategy; Suncor’s expectations around the socio-economic benefits which could be attained through the Project, including employment opportunities, economic growth, enhanced community investment and the provision of valuable revenue for governments; our expectations surrounding stakeholder engagement; and that the Project will provide a reliable, stable  and low cost power source.  The completion of the Coke Boiler Replacement Project is subject to numerous factors, including several that are outside of the control of Suncor and there is no guarantee that the project will proceed or be completed.  Forward-looking statements are based on Suncor's current expectations, estimates, projections and assumptions that were made by the company in light of its information available at the time the statement was made and consider Suncor's experience and its perception of historical trends. Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to Suncor. Suncor's actual results may differ materially from those expressed or implied by its forward-looking statements, so readers are cautioned not to place undue reliance on them.  Suncor’s most recently filed annual information form/Form 40-F, annual report and quarterly report to shareholders and other documents it files from time to time with securities regulatory authorities describe the risks, uncertainties, material assumptions and other factors that could influence actual results and such factors are incorporated herein by reference. Copies of these documents are available without charge from Suncor at 150-6 Avenue S.W., Calgary, Alberta T2P 3E3, by calling 1-800-558-9071, or by email request to info@suncor.com or by referring to the company’s profile on SEDAR at www.sedar.com or EDGAR at www.sec.gov. Except as required by applicable securities laws, Suncor disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.