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File: WSE-NR 15-02 Nextepp Definitive Agreement February 11, 2015.docx

610 - 1100 Melville Street, Vancouver, British Columbia, Canada 
V6E 4A6
 TSX-V: WSE Frankfurt:W6V1
T604.669.6463
F604.669.3041
www.wellstarenergy.com
 
 /

NEWS RELEASE 15-02


Wellstar Energy Announces Signing of Definitive Agreement to Acquire Oil & Gas Assets 

Vancouver, B.C., February 11, 2015 - WELLSTAR ENERGY CORP. (TSX-V: WSE) ("Wellstar", or the "Company") is pleased to a
--->nnounce that further to its news release of September 10, 2014, it has entered into a share purchase and sale agreemen
--->t dated as of February 5, 2015 (the "Definitive Agreement") in connection with the acquisition of certain oil & gas as
--->sets located in Alberta and Saskatchewan (the "Assets") from an arm's length vendor (the "Acquisition").

Pursuant to the terms of the Definitive Agreement, the Company will acquire the Assets in consideration for aggregate 
--->cash payments of $1,600,000 (subject to adjustment in certain circumstances), including $200,000 upon closing the Acqu
--->isition, and the issuance by the Company of 4,000,000 warrants (the "Acquisition Warrants").  Each Acquisition Warrant
---> will entitle the vendor to purchase one common share at an exercise price of $0.05 for a period of 48 months followin
--->g the closing of the Acquisition.  The balance of the cash payment, being $1,400,000 (the "Deferred Payment"), is paya
--->ble by monthly installments of $10,000 plus applicable interest.  In addition, the Company is obligated to pay 20% of 
--->the gross proceeds of any future securities offering to the vendors until the Deferred Payment has been fully satisfie
--->d.

The Assets consist of operated working interests producing approximately 62 net barrels of oil equivalent per day from
---> approximately 6,000 net acres in Saskatchewan and Alberta. This includes 3,500 net acres in Saskatchewan prospective 
--->for the Bakken formation, with current production from 3 wells in the Red River and Winnipeg Sand formations.  The Ass
--->ets also include facilities consisting of a salt water disposal well, 5 x 1,000 barrel oil storage tanks and a fresh w
--->ater source well.

The completion of the Acquisition remains subject to the parties obtaining all necessary regulatory approvals to the A
--->cquisition, including the final approval of the TSX Venture Exchange.  There can be no assurance that the Acquisition 
--->will be completed as proposed or at all and trading in the Company's shares remains highly speculative.


For further information please contact Andrew H Rees at (604) 669-6463.

ON BEHALF OF THE BOARD

(signed) "Andrew H. Rees" Andrew H. Rees President and Chief Executive Officer


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

Except for historical information contained herein, this news release contains forward-looking statements that involve
---> risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities l
--->aws, the Company will not update these forward-looking statements to reflect events or circumstances after the date he
--->reof. More detailed information about potential factors that could affect financial results is included in the documen
--->ts filed from time to time with the Canadian securities regulatory authorities by the Company. Readers are cautioned n
--->ot to place undue reliance on forward looking statements.