Article: SPP/CPM Purchases Suncor's Interest in the Stuart Oil Shale Project.

NOTE TO READERS: Suncor will discuss this announcement during its 1st

Quarter 2001 Outlook Review - Webcast today at 4:30 p.m. MT/6:30 p.m. ET.

To participate in the webcast, go to www.suncor.com

http://www.suncor.com and click on the link "1st Quarter Outlook Review

Webcast".

GLADSTONE, AUSTRALIA, April 5 /PRNewswire/

- Southern Pacific Petroleum and Central Pacific Minerals (SPP/CPM) and Suncor Energy Inc. today announced SPP/CPM's purchase of Suncor's(x) interest in the Stuart Oil Shale Project. This increases SPP/CPM's interest in the Project to 100 percent. The purchase is effective immediately.

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