TrueStar Petroleum Corporation
TSX VENTURE : TPC

TrueStar Petroleum Corporation

June 15, 2005 16:43 ET

TrueStar Announces Appointment of New Director, Investor Relations Contract and Other News

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 15, 2005) - TrueStar Petroleum Corporation (TSX VENTURE:TPC) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

APPOINTMENT OF NEW DIRECTOR

The Company is pleased to announce the appointment of Dwain M. Immel to the Board of Directors.

Mr. Immel has an extensive background in project finance, corporate finance, oil and gas acquisitions, project development and management of energy & power related projects. He received his B.S. Degree in Finance & Accounting from the University of Montana in 1976 and is a graduate of the Executive Management Program at Stanford University. He has founded and managed several independent oil and gas companies/entities involved in exploration, production, pipeline gathering/transportation and sour gas treating/processing assets in the Michigan Basin and the Rocky Mountain area since 1987. From 1976 through 1986, Mr. Immel, was employed in the Commercial Banking business in increasing roles of responsibility, primarily managing commercial loans and project finance portfolios for independent oil and gas operators and independent power producers in the Rocky Mountain and Western Canada Region. As a VP with Crocker National Bank's Specialized Finance Group, he managed a $600 million portfolio consisting primarily of independent oil and gas companies and independent power producers/developers in the Rocky Mountain and Western Canada Region.

Investor Relations Contract

The Company reports that it has entered into an investor relations contract with Nathan Hansen to act as Manager of Corporate Communications which will assist the Company in effectively monitoring and communicating with present and potential investors, fund managers, financial analysts, investment bankers, stockbrokers, financial media and other interested parties. Mr. Hansen has 18 years experience with public companies in their development and early growth stages. His expertise is corporate finance and public/investor relations in the capital markets throughout Canada, U.S.A. and Europe. Having developed an extensive list of personal contacts within the financial markets and a contact base of investors and financial brokerage firms he has assisted a number of public companies on the Exchange and predecessor exchanges (CDNX, ASE and VSE) to raise significant capital to administer their financial business growth plans. The contract will be for an initial term of 1 month and will automatically renew each month for the next 11 months thereafter, unless otherwise earlier terminated. In addition to monthly cash payments, Mr. Hansen will receive incentive stock options in accordance with the TSX Venture Exchange approved Stock Option Plan.

Option Grant

The Company reports that under the Stock Option Plan dated January 20, 2005 and accepted by the TSX Venture Exchange on February 3, 2005, the Company has granted 7,100,000 incentive stock options to various directors and officers, exercisable at $0.31 per Share, for a term of 5 years.

Website

The Company reports that its new website is active at www.truestar-petroleum.com.

The Company's focus is on the efficient development of hydrocarbons in North and Central America while maintaining high standards of environmental responsibility. TrueStar now has interests in 27 producing natural gas wells (19 vertical and 8 horizontal). Working interest partners involved in the Company's various acreage holdings include publicly-listed Devon Energy (NYSE:DVN) and Carrizo Oil & Gas (NASDAQ NM:CRZO), along with other privately-held entities. TrueStar Petroleum Corporation is an oil & gas exploration and development company.

ON BEHALF OF THE BOARD OF DIRECTORS:

Robert E. Chamberlain, Jr. Director

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

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