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News & Updates

News and Updates

December 2nd, 2010
Category: News Releases

Petrostar Files Quarterly Financials

December 2, 2010. Victoria, BC. Petrostar Petroleum Corp. (TSX-Venture: PEP; Frankfurt:

LMQ; “Petrostar” or “the Company”) announces it has complied with National Instrument 51-102 and filed its Quarterly Financials and MD&A for the period ending September 30, 2010. The documents are available for viewing at www.sedar.com.

About Petrostar Petroleum Corp.

Petrostar Petroleum is a Canadian-based oil and gas producer committed to providing sustainable growth and value to its shareholders through progressive production of heavy and medium oil properties. The long-term objective of management is to aggressively seek properties with high potential that can be advanced with minimum expenditures. The policy of the Company is to lower shareholders’ risk exposure at various stages of exploration by entering into joint ventures with third parties or acquiring projects that the Company can operate as the sole owner-operator.

Petrostar is committed to advancing the use of “green technologies” where possible in the exploration and production of oil and gas. Petrostar and its partner, King Energy Distribution, are working together to lessen overall emissions by developing, using and distributing new technologies to the oil and gas industry.

On behalf of the Board of Directors,

Bruce Scafe, President

For further information please contact Renmark Financial Communications Inc.:

Barry Mire: bmire@renmarkfinancial.com

Arash Shahi: ashahi@renmarkfinancial.com

Tel.: (514) 939-3989 or (416) 644-2020


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