Abstract: The invention provides a process for extracting bitumen from oil sands. The process includes the step of conditioning the oil sands by adding hot water and steam to the oil sands. The conditioned oil sands are then introduced into a separation zone. Separation of the oil sands into a bitumen froth phase, a middlings phase and a tailings phase occurs in the separation zone. Water with air dissolved therein is continuously injected under pressure upwardly through the separation zone. The water is at a low temperature relative to the oil sands. At least two of the phases are then separately withdrawn from the separation zone.