News & Updates

As of Sept. 1, 2009, Petrostar Petroleum Corp. acquired the services of Aaron Lane, Stone Ventures Ltd., Calgary, Alta.

Mr. Lane received his BSc in petroleum engineering from the University of Alberta in 2000, at which time he was awarded the Society of Petroleum Engineers scholarship. Mr. Lane has extensive experience in both heavy and light oil and in all areas of field operation. Mr. Lane is currently reviewing all of Petrostar’s existing operations and will head up all future projects for the company with priority being given to completing the company’s existing Bakken exploration wells. Expense and budget reports are now being prepared for these projects.

Maidstone field update

Petrostar has started an upgrading and workover program at its Maidstone field. The company has received permits allowing it to explore and co-mingle production from the Sparky zone, which previously has not been developed at the field. The rework program has been initiated with completion expected shortly. Flow will be monitored and then reported as to the success of the reworking of this zone. Additional wells on the property will then be evaluated for a similar workover program. It is the company’s continuing focus to increase daily production at the Maidstone field.

On behalf of the Board of Directors,

Bruce Scafe

President and Director

Safe Harbor Statement and Disclaimer:

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words “expects”, “projects”, “plans”, and certain of the other foregoing statements may be deemed forward-looking statements. Although Petrostar Petroleum Corporation believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the development and production of oil wells, including risks of fire, explosion, blowout, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in oil production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of production operations; risks with respect to oil prices, a material decline in which could cause the Company to delay or suspend planned drilling operations or reduce production levels; and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil prices and other risk factors.