WellStar Energy Corp.

WellStar Energy Corp.

June 12, 2007 14:13 ET

WellStar Commences Fieldwork on Saskatchewan Uranium Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 12, 2007) - WellStar Energy Corp. (TSX VENTURE:WST)(FRANKFURT:W6V) and Eagle Plains Resources Ltd. (TSX VENTURE:EPL) announce that crews have now mobilized to the Kulyk Lake project area, and will begin systematically mapping and sampling all known occurrences. Prospecting and reconnaissance mapping will also be completed in an attempt to locate new mineralization. An airborne geophysical survey is also scheduled for the property, to commence immediately on availability of aircraft.

The Kulyk Lake property covers approximately 96 square km and was staked to cover known historical uranium mineral occurrences and uranium lake sediment anomalies within prospective folded and faulted basement lithologies of the Wollaston group. Much of the known uranium mineralization occurs along Wollaston group contacts and fault intersections, particularly in the presence of pegmatite. Historical trenching at one such occurrence revealed 0.369 per cent U3O8 over 3.4 meters (SMDI 0993). Grab sampling from other occurrences returned up to 1.68 per cent U3O8 (SMDI 0978).

The 50 square km Jenny Lake area also covers prospective basement lithologies of the Wollaston domain at its eastern limit along a major tectonic boundary. Known uranium mineral occurrences are associated with several large-scale structures that suggest excellent regional prospecting potential. Historical grab samples of yellow-stained fractures in gneiss and pegmatite returned values up to 0.47 per cent U3O8 (SMDI 0981). To the east, a single historical drill hole near the Needle Falls shear zone intersected a sulphide and graphite-bearing zone in pelitic host rock.

The Project adjoins Blue Sky Uranium Corp.'s (formerly Mulligan Capital Corp. (TSX VENTURE:BSK) Eagle Lake and Karin Lake properties where an extensive airborne geophysical survey and follow-up ground geological program was carried out in the fall of 2006

This news release has been reviewed and approved by Tim J. Termuende, P.Geo, hereby designated as a qualified person under National Instrument 43-101.

As announced April 10th, Eagle Plains has agreed to grant an option to Wellstar to earn a 60-per-cent interest in Eagle Plains' 100-per-cent-owned Kulyk Lake and Jenny Lake uranium properties (the "Project"), located 30 to 40 kilometers southeast of Cameco's Key Lake mining operation in north-central Saskatchewan, Canada. Under terms of the proposed agreement, Wellstar has made an up-front cash payment to EPL of $77,500 to cover acquisition costs, will commit to $5,000,000 in exploration expenditures and issue 1,000,000 common shares to EPL by December 31st, 2011.

This News Release contains forward-looking statements regarding the timing and content of upcoming programs. Actual results may differ materially from those currently anticipated in such statements.

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