WellStar Energy Announces Private Placement Financing

VANCOUVER, BRITISH COLUMBIA, Apr 22 (MARKET WIRE) --
WellStar Energy Corp. (the "Company") (TSX VENTURE:
WSE)(FRANKFURT: W6V1) is pleased to announce plans to raise gross
proceeds of up to $3,000,000 through a private placement issuance of
units ("Units") at a price of $0.30 per Unit. Each Unit shall
consist of one common share and one common share purchase warrant. Each
common share purchase warrant shall entitle the holder to acquire one
common share of the Company at a price of $0.40 at any time for two years
following the date of closing of the financing.

The Company intends to use the net proceeds from the financing in
connection with a strategic review of possible acquisitions and for
general working capital purposes.

In connection with the financing, the Company may pay finders' fees of up
to 10% of the gross proceeds raised and issue that number of broker
warrants equal to 10% of the Units sold (the "Broker
Warrants"). Each Broker Warrant will entitle the holder to acquire
one Unit at a price of $0.30 at any time for a period of two years
following the date of closing of the financing.

The securities issuable on the financing, including the common shares
underlying the common share purchase warrants and the Broker Warrants,
will be subject to a four month hold period. Closing of the financing is
subject to receipt of regulatory approval, including the approval of the
TSX Venture Exchange.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Contacts:
WellStar Energy Corp.
Andrew H. Rees
President and CEO
604-669-6463
604-669-3041 (FAX)
www.wellstarenergy.com

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