Mr. Andrew Rees reports

WELLSTAR ANNOUNCES EXTENSION OF PRIVATE PLACEMENT

Wellstar Energy Corp. has received a 30-day extension from the TSX Venture Exchange for its non-brokered private placement.

The company may pay finders' fees to eligible finders in connection with a second tranche of the offering. All securities issued in connection with the offering will be subject to a hold period in accordance with applicable securities legislation. Completion of the offering is subject to the final approval of the TSX-V.

Net proceeds from the offering will be applied toward potential mergers and acquisitions, toward exploration and development of the company's oil and gas properties, and for general working capital purposes.

We seek Safe Harbor.