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File: WSE-NR 15-04 Nexxtep Acquisition Closed February 19, 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 15-04
WellStar Energy Announces Closing of Acquisition of Oil & Gas Assets 

Vancouver, B.C., February 19, 2015 - WELLSTAR ENERGY CORP. (TSX-V: WSE) ("WellStar", or the "Company") is pleased to a
--->nnounce that further to its news releases of September 10, 2014, and February 5, 2015, it has successfully closed the 
--->previously announced acquisition of Nexxtep Resources Ltd. ("Nexxtep") from an arm's length vendor (the "Acquisition")
--->. Nexxtep will operate as a wholly owned subsidiary of the Company.

Andrew Rees, CEO stated, "We are excited to have closed this acquisition which will allow WellStar to move forward as 
--->an operator with oil and gas production in Saskatchewan and Alberta. News will be forthcoming as the Company continues
---> the current development work Nexxtep has underway."

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 Company acquired the Assets in consideration for aggregate cash payments of $1,600,000 (subject to adjustment in c
--->ertain circumstances), including $200,000 which was paid at closing, and the issuance by the Company of 4,000,000 warr
--->ants (the "Acquisition Warrants").  The balance of the cash payment, being $1,400,000 (the "Deferred Payment"), is pay
--->able by monthly installments of $10,000 plus applicable interest beginning on March 1, 2015.  In addition, the Company
---> is obligated to pay 20% of the gross proceeds of any future securities offering to the vendors until the Deferred Pay
--->ment has been fully satisfied.

Each Acquisition Warrant will entitle the vendor to purchase one common share at an exercise price of $0.05 until Febr
--->uary 17, 2019.  Pursuant to applicable securities laws, the Acquisition Warrants and underlying securities are subject
---> to a hold period which expires June 18, 2015.

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.