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PETROSTAR PETROLEUM CORPORATION
PO Box 1284 Nanton, AB, T0L 1R0    Tel:  403-861-6779

N e w s R e l e a s e

October 1, 2013 - Vancouver, BC 						TSX-V Symbol: PEP


Petrostar's Amendment of Farrow Land Lease

September 30, 2013, Vancouver, BC - Petrostar Petroleum Corp. (TSX-Venture:  PEP; "Petrostar" or "the Company") is ple
--->ased to announce that it has entered into a formal agreement to amend its previously announced Alberta Surface Lease A
--->greement (the "Agreement").  The agreement has been amended so that it will not be effective until it has been approve
--->d by the TSX-Venture Exchange. 

The Agreement pertains to the lease of lands by Farrow Distillation Corp. ("FDC"), an operating subsidiary of the Comp
--->any, for the future construction of a modular refinery development project in Farrow, Alberta, Canada, where the lands
---> are located.

The lease was entered into by FDC with Randle Ranches Ltd., a company owned and controlled by the family of Mackenzie 
--->Loree, a director, President and Chief Executive Officer of Petrostar.  The Agreement may be determined to be a relate
--->d party agreement, and may require shareholder approval before it is effective. 

In consideration for securing the 25 year lease, with an option to extend for two consecutive 25 year terms, FDC has a
--->greed, subject to exchange approval, to issue 250,000 shares in its authorized capital to Randle Ranches Ltd. during t
--->he first year of the lease. The 250,000 shares, if issued, will be approximately 33% of the total issued and outstandi
--->ng shares of FDC, with the balance of shares owned by Petrostar. Further, if Petrostar is successful in building an oi
--->l refinery on the lands, then it will make annual payments consisting of a 1% royalty of gross revenues from all petro
--->leum substances processed, saved and marketed from the lands. 

About Petrostar Petroleum Corp. 
Petrostar is a Tier 2, Canadian-based, oil and gas exploration company trading on the TSX Venture Exchange with proper
--->ty assets in Alberta and Saskatchewan. 

For further information, please contact:
Bruce Scafe, Director
Tel:  1-877-737-8864 
Email: bscafe@petrostarpetroleum.com


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



FORWARD LOOKING INFORMATION
Certain information in this news release is forward-looking within the meaning of certain securities laws, and is subj
--->ect to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, 
--->information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The w
--->ords "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend",
---> "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-look
--->ing information in this news release describes the Company's expectations as of the date of this news release as to th
--->e expected use of the leased lands, and the plan for its wholly-owned subsidiary, FDC, to construct a modular refinery
---> development project, as well as the location of such project. The results or events anticipated or predicted in such 
--->forward-looking information may differ materially from actual results or events. Material factors which could cause ac
--->tual results or events to differ materially from a conclusion, forecast or projection in such forward-looking informat
--->ion include, among others, risks arising from general economic conditions and adverse industry events. The Company cau
--->tions that the foregoing list of material factors is not exhaustive. When relying on forward-looking information to ma
--->ke decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potenti
--->al events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such
---> forward-looking information to differ materially from actual results or events. However, the list of these factors is
---> not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual o
--->utcome of such items or factors.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DA
--->TE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTA
--->NCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY M
--->AY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION ON AT ANY PARTICULAR TIME.