Weststar Resources Corp.

Weststar Resources Corp.

March 28, 2007 19:22 ET

Weststar Resources Corp.: Private Placement Closed

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 28, 2007) - Weststar Resources Corp. (TSX VENTURE:WRC) (the "Company") is pleased to announce it has closed the non-brokered private placement announced on February 2, 2007 and March 15, 2007, comprised of an aggregate 1,644,345 units consisting of 1,216,424 flow-through units and 427,921 non flow-through units of the Company for gross proceeds of $1,068,827.75. 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 exercisable on or before March 21, 2008. 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 units are subject to a statutory hold period expiring on July 22, 2007.

The proceeds of the placement will be used for exploration and development work on the Company's Axe Property, Princeton, British Columbia and for general working capital purposes.

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