March 27, 2006 08:30 ET

eResearch Issues Initiating Report on TrueStar Petroleum Corporation

TORONTO, ONTARIO--(CCNMatthews - March 27, 2006) - eResearch analysts, Sam Kiri, MBA, ACMA, CFA, and Bob Weir, B.Sc., B.Comm., CFA have written an Initiating Report on TrueStar Petroleum Corporation (TSX VENTURE:TPC). TrueStar Petroleum Corporation is an oil and gas exploration and development company with operations in the U.S.A. and Guatemala.

In the Report, the Analysts state, "TrueStar Petroleum is likely to receive increasing investor attention, provided it: (1) develops further its Newark gas property in the Barnett Shale in Texas; and (2) successfully completes negotiations to increase its interest in an oil production sharing contract in Guatemala from 10% to 100%.

The Analysts went on to say, "The Company recently completed a C$2.75 million private placement and has arranged a US$50 million credit agreement and equity investment. Therefore, it is well-financed to continue its exploration and development activities, which includes plans to develop 18 wells over the next three years."

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our focus is on identifying interesting, under-valued, under-covered, and over-looked companies that have interesting prospects, sound management, and significant potential for share price appreciation. We provide the investment community with a consistent, quality source of information and analysis, which has the potential of reaching up to 6 million global investors through our distribution networks. Clients include institutional and retail investors, investment dealers, limited market dealers, and corporations. eResearch does not trade in the securities of the companies it covers, nor does it accept any stock related compensation for research services. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered.

TrueStar Petroleum Corporation paid eResearch a fee of US$15,000 to conduct research on the Company, on an Annual Continuous Coverage basis.

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