Petrostar Receives Shareholder Approval for Texalta Transaction

11.09.2012  |  The Newswire

(via Thenewswire.ca)

September 10, 2012, Vancouver, BC - Petrostar Petroleum Corp. (TSX-Venture: PEP, "Petrostar" or "the Company") held its 2011 Annual General Meeting on Thursday, September 6, 2012 in Vancouver, BC. Management is pleased to announce that all resolutions on the Proxy passed with 98% of the votes cast.

The 2012 Board members are R. Mackenzie Loree, Chairman, CEO and President; Bruce A. Scafe, IR and Communications Officer; and Deanna (Dee) L. Sauve, Corporate Compliance Officer. Garry Topolnitsky remains in the office of the Chief Financial Officer.

Management also announces that all required documentation necessary to receive final TSXV approval on the TexAlta transaction has been submitted to the Exchange for review.

About Petrostar Petroleum Corp.

Petrostar is a Tier 2 Canadian-based oil and gas exploration company trading on the TSX Venture Exchange. The long-term objective of management is to aggressively seek properties with high potential that can be advanced with minimum expenditures. The policy of the Company is to lower shareholders' risk exposure to various stages of exploration by entering into joint ventures with third parties or acquiring projects that the Company can operate as the sole owner-operator.

For further information, please contact Bruce Scafe, IR and Communications Officer, at 1-877-737-8864 or bscafe@petrostarpetroleum.com.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this release.

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