Mr. Andrew Rees reports

WELLSTAR ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Wellstar Energy Corp. has closed a non-brokered private placement in the amount of $750,000 through the sale of 7.5 million flow-through (FT) units at 10 cents per FT unit. Each FT unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one common share at an exercise price of 12 cents for a period of 24 months following the closing of the FT unit offering. Andrew H. Rees, president, chief executive officer and a director, subscribed for 141,027 FT units of the offering for $14,103 through Hutch Capital Corp. (a company wholly owned by Mr. Rees).

In connection with the offering, the company paid an eligible arm's-length finder a cash placement fee of 8 per cent of the gross proceeds of a portion of the offering, as well as common share purchase warrants equivalent to 8 per cent of the gross proceeds made by purchasers introduced by such finder. In total, the company paid $8,000 in cash and issued 80,000 non-transferable finder's warrants (with the same terms as the FT unit warrants) to eligible finders. All securities issued in connection with the offering will be subject to a hold period in accordance with applicable securities legislation that expires on Jan. 19, 2016. Completion of the offering is subject to the final approval of the TSX Venture Exchange.

Net proceeds from the offering will be applied toward the payment of current liabilities, exploration and development of the company's oil and gas properties, and general working capital purposes.

We seek Safe Harbor.