SOURCE: Tradestar Resources Corporation

April 10, 2007 11:14 ET

Tradestar Resources Corporation Announces Recompletion of North Louisiana Oil & Gas Properties (South Delhi Field)

HOT SPRINGS, AR -- (MARKET WIRE) -- April 10, 2007 --Tradestar Resources Corporation (PINKSHEETS: TSRR) announced today that their Joint Venture Project with Penasco Petroleum of Corpus Christie, Texas, has recently completed several production workovers on their North Louisiana properties. The Holt lease has been extensively reworked with new disposal tanks and triplex pumps installed for more efficient lease water disposal. The Heater Treater/Separators have been completely overhauled and are in good working order. Remedial workovers have been performed on the Holt #10 and Holt #24. The Holt #22 was put back into production after years of idle non-production, and was reportedly producing 45 barrels of oil per day. Total oil production for the Holt Lease should be around 65 to 70 barrels per day. The Strahan Well was refurbished with new tubing, rods and refurbished Heater Treater/Separator and is back in production status.

Tradestar is very enthused about the production increase from these wells and believes that there is still considerable upside potential for these leases. The remedial workovers will increase production revenues and the additional drilling opportunities on the properties will provide the greatest potential for fully exploiting these leases. Tom Feimster, President of Tradestar, says that this area of North Louisiana is becoming very popular with a lot of oil & gas activity by large oil companies. He also says that "We are diligently looking at other lease acquisition candidates in this area, and hope to expand this North Louisiana area as one of Tradestar's primary develop plays."

About: Tradestar Resources Corporation is an independent energy company that is engaged in the exploration, development, exploitation and acquisition of on-shore and natural gas properties in conventional producing areas in the United States. Tradestar strives to enhance asset value by expanding oil and natural gas reserves raising production levels and increasing cash flow. Tradestar intends to foster its growth as an independent oil and gas company by investing in only proven producing wells. The company's web site is http://tradestar-corp.com.

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    Tradestar Resources Corporation
    501-423-3005