SOURCE: Silver Star Energy, Inc.

January 30, 2006 09:00 ET

EVI "7-11" Oil Well Producing 160-170 Barrels per Day

LOS ANGELES, CA -- (MARKET WIRE) -- January 30, 2006 -- Silver Star Energy, Inc. (OTC BB: SVSE) is pleased to report that the EVI "7-11" oil well has begun commercial production at a rate of between 160 to 170 barrels per day.

Husky Oil, one of Canada's largest oil companies, has been engaged to operate the well, located in the EVI field, for Silver Star. The first report from Husky indicates that the IPR (initial production rate) for the first full day of production is between 160 and 170 barrels per day. This exceeds the 150 barrels per day that was predicted based on testing. Transaction Oil and Gas of Calgary is coordinating with Husky the establishment of a maximum production rate for the well.

Silver Star will continue to update the "7-11" well production rates when made available if the rates changes. The Imperial Light 36.5 degree oil was quoted on Friday, January 27th, at $60.92 per barrel. The Company will now begin trucking the production to the Husky "7-1" tank battery for sale and shipping. The facility is approximately 2 1/2 miles away. The issue of a pipeline connection is now being examined in order to determine if construction is presently justified or if a second well is required.


The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high quality, low risk prospects provided via key strategic alliance partnerships.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the acquisition of oil and gas reserves, any near-term production or cash flow and our ability to become cash flow positive in the short term to allow us to re-invest production dollars to enhance and grow company assets. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, Silver Star's proposed production set-up and future expected operations at Evi (including the drilling of additional wells), the numerous inherent uncertainties associated with oil and gas exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2004 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission


Silver Star Energy, Inc.

Robert McIntosh-President

To find out more about Silver Star Energy, Inc. (OTC BB: SVSE), visit our website at

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    Silver Star Energy, Inc.