Bluestar Financial Group, Inc. Appoints New Interim CEO

RICHLAND, Wash.--(Business Wire)--
Bluestar Financial Group, Inc. (OTCBB:BSFG), an early stage small ticket
electronic equipment leasing company, today announced that it has appointed
Richard Papworth as interim Chief Executive Officer for the Company.

Richard Papworth is a seasoned executive with 20 years of public and private
company executive level experience. Prior to joining Bluestar, for 3 years Mr.
Papworth was the CFO of Telgian Corporation during a period of high growth.
Telgian is an innovative company providing high quality fire protection and life
safety systems and consulting services throughout North America for customers
such as Home Depot, Wal Mart, Sears, Best Buy, and many other large national and
regional property owners. Prior to that, Mr. Papworth was the CFO of the $500M
Phoenix division of Meritage Homes (NYSE:MTH) during a period of rapid growth
where he delivered strategic business and operational improvements to maximize
profitability and return on net assets. From 2000 to 2004, he was CFO of Kronos
Advanced Technologies, Inc. (OTCBB:KNOS) where he was instrumental in securing
$15M of private equity funding and helping the company through development
stage. From 1996 to 2000, Mr. Papworth was Vice President of Wilshire Financial
Services Group, Inc. (NYSE:WFSG) and CFO of its subsidiary Beverly Hills Bancorp
during a period of rapid growth. At WFSG, he was instrumental in taking the
company public and raising $100M via IPO, building the financial and operating
systems, and negotiating and integrating acquisitions. His early business
experience includes executive leadership positions with Taylor Morrison, The
Maintenance Warehouse (a division of the Home Depot Supply) and Deloitte and
Touche.

"We selected Mr. Papworth as our interim CEO based on his extensive financial
and public company experience which we will leverage effectively as we roll out
our aggressive, re-positioned growth and acquisition strategy focused in the
Green Tech and e-Waste sector," stated Jeffrey Rassas, Chairman of the Board of
Bluestar Financial Group, Inc.

"I am pleased to join this very progressive organization and plan to facilitate
Bluestar`s relocation from Richland, Washington to Scottsdale, Arizona in
preparation of rolling out the repositioned growth strategy focused in the Green
Tech sector to provide a solution to the ever growing environmental challenges
of e-Waste. The Board of Directors of Bluestar are recruiting a world-class
management team to lead and execute this brilliant strategy," stated Richard
Papworth, Interim Chief Executive Officer.

About Bluestar Financial Group, Inc.

Bluestar Financial Group, Inc. intends to provide small ticket item leasing to
small and middle market companies primarily within the hospitality, spa, and
resort communities. It plans to lease equipment, such as audiovisual, computer
systems, and laundry and health spa equipment. The company was founded in 2002
and is based in Richland, Washington.

Forward-Looking Statements

This document contains forward-looking statements that are subject to a number
of risks, assumptions and uncertainties that could cause the Company's actual
results to differ materially from those projected. These risks, assumptions and
uncertainties include: the ability of the Company to raise capital, the ability
to complete systems within currently estimated time frames and budgets; the
ability to compete effectively in a rapidly evolving and price-competitive
marketplace; changes in the nature of telecommunications regulation in the
United States and other countries; changes in business strategy; the successful
integration of newly acquired businesses; the impact of technological change;
and other risks referenced from time to time in the Company's filings with the
Securities and Exchange Commission.

Bluestar Financial Group, Inc.
Jeffrey Rassas
Chairman of the Board
480-463-4246
jrassas@notepadgroup.com

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