WellStar Energy Corp.
TSX VENTURE : WSE
FRANKFURT : W6V1

WellStar Energy Corp.

June 20, 2008 14:27 ET

WellStar Energy Announces $100,000 Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 20, 2008) - WellStar Energy Corp. (the "Company") (TSX VENTURE:WST)(FRANKFURT:W6V) announces that it plans to conduct a private placement (the "Offering") of its securities to raise up to $100,000.

The Offering will consist of up to 2,000,000 units at a price of $0.05 per unit (a "Unit"). Each Unit will consist of one common share and one share purchase warrant (a "Warrant") entitling the investor to purchase an additional common share for each Warrant at a price of $0.065 per share for a two year period. In addition, all Warrants issued in connection with this private placement contain a forced exercise provision commencing on the day following the expiry of the hold period on the underlying common share, stating that if, for 10 consecutive trading days, the closing price of the listed shares of the company exceeds $1, then the exercise period of the Warrants will be shortened to a period of 30 days.

The proceeds received from the offering will be added to the Company's working capital. The Company will pay finder fees in connection with this offering in accordance with TSX Venture Exchange policy. The Offering is subject to TSX Venture Exchange acceptance.

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release, which was prepared by management.

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