Mr. Andrew Rees reports

WELLSTAR ANNOUNCES SIGNING LETTER OF INTENT FOR ALBERTA ACQUISITION

Wellstar Energy Corp. has signed a letter of intent to acquire an undivided 50-per-cent working interest in producing lands in west-central Alberta by issuance of shares and warrants.

The acquisition contemplates the company issuing the vendor 750,000 shares at a deemed value of 10 cents per WellStar share and granting 500,000 share purchase warrants exercisable at a price of five cents per share for 48 months from closing. The effective date of the transaction will be Oct. 1, 2015, with the expected closing on or before Feb. 15, 2016.

The acquisition will include three wells on three quarter sections in the Rosevear field northeast of Edson, Alta. The wells are offset by new production from the Cardium formation drilled in 2015. One of the three acquisition wells is currently on production at approximately net four barrels per day to the company.

WellStar's president and chief executive officer Andrew H. Rees stated: "Management is pleased to execute an LOI for a share based acquisition at a valuation significantly above the current share price and at favourable acquisition metrics. Although production is small, it provides positive cash flow in the current depressed oil price environment. Our technical team believes there is significant upside potential for drilling Cardium and Second White Speck wells on the leases."

The acquisition is subject to TSX Venture Exchange approval.

We seek Safe Harbor.