RedStar Oil & Gas Inc.
TSX VENTURE : RED

RedStar Oil & Gas Inc.

December 15, 2006 17:20 ET

RedStar Oil & Gas Inc. Announces Toronto Stock Exchange Listing

CALGARY, ALBERTA--(CCNMatthews - Dec. 15, 2006) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

RedStar Oil and Gas Inc. ("RedStar" or the "Company) (TSX VENTURE:RED) is pleased to announce the Toronto Stock Exchange has issued a bulletin confirming RedStar's application has been approved, granting a listing of its common shares on the TSX. Commencing at market opening on Tuesday, December 19, 2006, RedStar's common shares will begin trading on the TSX under the symbol RED. On the commencement of TSX trading, RedStar's common shares will be delisted from and cease trading on the TSX Venture Exchange.

Company President and Chief Executive Officer Chester Krala, commented: "The graduation of RedStar to the TSX marks an important step in the growth of the Company. The listing will raise our profile and broaden the range of investors able to participate in RedStar's future growth plans."

Cautionary Statements

Certain information set forth in this document, including management's assessment of future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond this party's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Actual results, performance or achievement could differ from those expressed in, or implied by, these forward-looking statements, and accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits will be derived there from. RedStar disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required in accordance with applicable securities laws.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • RedStar Oil and Gas Inc.
    Chester J.R. Krala
    President and Chief Executive Officer
    (403) 262-3130
    or
    RedStar Oil and Gas Inc.
    Lawrence F. Walter
    Chief Financial Officer
    (403) 262-3130