Petrostar Petroleum Corporation

Petrostar Petroleum Corporation

September 11, 2008 07:00 ET

Petrostar Continues Bakken Exploration

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 11, 2008) - Petrostar Petroleum Corporation (TSX VENTURE:PEP)(FRANKFURT:LMQ) ("Petrostar") is pleased to announce that it has surveyed and is applying for its 3rd and 4th well drilling permit in the Bakken Oil Play in SE Saskatchewan.

The program will commence as soon as the drilling permit is received. Further details are expected to be announced shortly.

The Company is currently continuing to seek out and acquire lands of interest, and Petrostar, to date, has obtained the mineral rights to 22 separate leaseholds with more expected to be acquired in the near future.

The Company is currently testing its two initial wells under a tight hole policy as it continues to increase its presence in the SE Saskatchewan area.

The Company is also looking at acquisitions in the SW area of Manitoba, which is also included in the Bakken Oil Play.

On behalf of the Board of Directors,

Robert A. Sim

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.

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