OPTI CANADA INC.

OPTI Canada announced the financial and operating results for the quarter ended June 30, 2009. For the three months ended June 30, 2009, earned revenue of $34 million. Operating expenses were $39 million for the three months ended June 30, 2009 and $67 million for the six months ended June 30, 2009. Bitumen production volumes for the second quarter averaged approximately 14,300 bbl/d (gross). Production volumes in the second quarter were impacted by downtime associated with improvements made to the HLS (Hot Lime Softener) units. Gross bitumen production rates reached a peak of approximately 18,000 bbl/d in June. At June 30, 2009, there were 41 of 81 well pairs on production operating with a Steam to Oil Ratio (SOR) that ranges between 4.0 and 5.0. Opti continues to anticipate a long-term SOR of 3.0. The ramp-up of the Long lake Project is progressing and the reservoir continues to perform as OPTI expected, given the amount of steam that has been injected. Steam volumes have been limited by the ability to treat water. With respect to the Upgrader, all major units are operational and synthesis gas has been used in SAGD operations, decreasing operating costs by reducing the requirement for purchased natural gas. Upgrader reliability is improving with an on-stream factor of 46% during the second quarter of 2009 compared to 33% in the first quarter of 2009. The PSC™ that has been marketed has, on average, been sold at pricing equal to or above pricing for other synthetic crude oils.