News & Updates

Petrostar Petroleum Corporation (TSX-V-PEP) (www.petrostarpetroleum.ca) is pleased to announce that it has received confirmation from its patent agent that its patent application for its specialized equipment being developed for enhanced recovery in existing and newly discovered reservoirs has been filed and accepted as of June 8, 2006. In many fields, only 5% to 10% of the OOIP has been recovered under primary depletion at the time of abandonment. In conventional vertical and horizontal wells, stimulation techniques are used to improve recovery; however, a large portion of the OOIP is never recovered under primary depletion and conventional water flood schemes. The Company intends to utilize a stimulation and enhanced recovery technique that will involve the application of existing technology together with the implementation of the innovative specialized equipment.

The specialized equipment consists of components of a down hole tool (DHT) that has been designed and engineered to enhance the recovery of heavy oil. When used in conjunction with its related system components, (control unit, firerod, armored cable and connectors) will produce heat and in turn steam and that will stimulate the pay zone of an existing or newly drilled well. The tool (DHT) will have the ability to carry out this stimulation procedure anywhere in the vertical and horizontal bore of the well being treated. The delivery and control of the DHT will allow for pinpoint accuracy as to where the steam generation will take place anywhere in the well, vertical and horizontal.

The DHT is an electronically controlled and operated unit that will be supplied adequate voltage to sustain a desired temperature in order to attain the effect required to carry out the stimulation process. The firerod component will respond to control panel assembly inputs and signals. The power generation unit will supply the power required to operate the panel electronic controller and amperage load as a result of the firerod and conductor demands.

When attached to the delivery tool (coil tubing) and placed in the well at the appropriate location the DHT can then be energized. Existing and/or injected water can be placed in the formation. The energized DHT will allow for the water to come in contact with the steam generating firerod through a system of louvers machined in the tool main body. The process, DHT and, controls will all work together over a certain time to achieve the desired effect for the well being treated. The DHT is a main component of the overall process but does not work alone. The “service” can only be carried out with all components linked and delivered by an experienced tool delivery team using the appropriate service line equipment.

ON BEHALF OF THE BOARD OF DIRECTORS

“Robert A. Sim”

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Robert A. Sim, Director

The Toronto Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release This press release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of failure to complete the proposed financing, failure to obtain necessary regulatory or shareholder approvals, exploration and other risk factors beyond its control and actual results may differ materially from the expected results.