Mr. Mackenzie Loree reports

PETROSTAR SUBSIDIARY RECORDS FIRST SALE

Lomac Canada Ltd., a wholly owned subsidiary of Petrostar Petroleum Corp., has initiated and completed the first commercial sales of methanol and chemical product in Western Canada. Lomac Canada operates in conjunction with fellow Petrostar subsidiaries and third party corporations for logistics, wholesale/distribution, and trade of commodities. The company is in its final negotiations with a national chemical corporation and anticipates the completion of a distribution licence in fourth quarter 2014.

R. Mackenzie Loree, PEP chief executive officer, stated: "Petrostar is pleased with the groundwork that the company has made with Lomac Canada and the completion of its third quarter milestone. The company is poised to initiate an early entry into the oil and natural gas chemical market. Further development interests will align with PEP's investment interests for the purchase, sale and trade of petroleum and non-petroleum-based commodities."