Petrostar Accepts Offer for Lashburn

(via Thenewswire.ca)

May 16, 2013, Vancouver, BC - Petrostar Petroleum Corp. (TSX-Venture:
PEP, "Petrostar" or "the Company") is pleased to
announce that it has received an offer to purchase its Lashburn heavy
oil property in Saskatchewan (SE/4 15-48-24W3). A private oil and gas
company out of Calgary, Alberta presented the Company with a cash
offer of $110,000.

The intent to sell this property was originally voted on and approved
by the shareholders of the Company at the Annual General Meeting held
on July 7, 2011.

Petrostar management has accepted the offer. The sale of the property
is subject to regulatory approval.

About Petrostar Petroleum Corp.

Petrostar is a Tier 2 Canadian-based oil and gas exploration company
trading on the TSX Venture Exchange with property assets in both
Alberta and Saskatchewan.

For further information, please contact:

Bruce Scafe, IR and Communications Officer

1-877-737-8864 or bscafe@petrostarpetroleum.com.

Alternate contact information:

Dee L. Sauve

Corporate Compliance Officer

604-568-4350 or info@petrostarpetroleum.com

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

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