Mr. Andrew Rees reports

WELLSTAR ENERGY CORP. ANNOUNCES DELAYS IN FILING ANNUAL FINANCIAL STATEMENTS

Wellstar Energy Corp. is finalizing its audited financial statements for the year ended Jan. 31, 2016, management's discussion and analysis, and related chief executive officer and chief financial officer certifications up to date.

The company completed an acquisition of a private company, Nexxtep Resources Ltd., late in 2015. The audit delay stems from the efforts to bring Wellstar and its wholly owned subsidiary, Nexxtep, under one corporate umbrella. The company anticipates the required filings will be filed in the month of June, 2016.

On May 30, 2016, the company advised by way of news release that the filing of the required filings would be delayed beyond the filing deadline of May 30, 2016. In view of the delay in the filing of the required filings, the company filed an application with the British Columbia Securities Commission pursuant to the provisions of Part 4 of National Policy 12-203 for a management cease trade order. The British Columbia Securities Commission subsequently granted the MCTO, prohibiting certain insiders from trading in the securities of the company until the company files the required filings and the MCTO has been revoked. A MCTO does not generally affect the ability of persons who are not directors, officers or insiders of the company to trade the securities of the company pending the filing of the required filings on SEDAR. The company will satisfy the provisions of the alternative information guidelines under National Policy 12-203 by issuing biweekly default status reports in the form of news releases so long as it remains in default of the filing requirements set out herein.

We seek Safe Harbor.