Weststar Resources Corp.

Weststar Resources Corp.

March 15, 2007 17:11 ET

Weststar Resources Corp: Increase in Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 15, 2007) - Weststar Resources Corp. (TSX VENTURE:WRC) (the "Company") is pleased to announce its intention to increase its non-brokered private placement, announced on February 2, 2007, by an additional 44,345 units to 1,644,345 units of the Company at a price of $0.65 per unit, part of which will be comprised of flow through units. Each unit consists of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at the price of $0.80 per share for a period of one year from the date of issuance of the units. If the Company's shares trade at a price greater than 120% of the warrant exercise price for a period of ten trading days, after an initial four month period, the holder of the warrant will have 30 days to exercise the warrants. Any remaining unexercised warrants will expire.

The transaction is subject to regulatory approval. All of the securities issued under this private placement will be subject to a four-month hold period.

The Company wishes to announce the grant of incentive stock options to a director to purchase, subject to vesting provisions, up to 400,000 common shares at an exercise price of $0.65 per share for a period of five (5) years from the date of grant.

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