Petrostar Receives Tsxv Approval on Lashburn Sale

(via Thenewswire.ca)

May 27, 2013 - Vancouver, BC - Petrostar Petroleum Corporation
(TSX-Venture: PEP; "Petrostar" or "the Company")
is pleased to announce that it has closed the sale of its Lashburn
Heavy Oil property SE1/4 15-48-24W3. As announced on May 16, 2013,
Petrostar has accepted and closed the offer to purchase from Elkwater
Resources Ltd. The closing of the transaction is effective
immediately.

The intent to sell the Lashburn property was approved by way of
shareholder vote at the company's 2011 Annual General Meeting held on
July 7, 2011.

The sale of the property is subject to final TSXV and 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 Alberta
and Saskatchewan.

For further information, please contact:

Bruce Scafe, IR and Communications Officer

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

Alternate contact information:

Dee L. Sauve

Corporate Compliance Officer

Tel: 604-568-4350 or info@petrostarpetroleum.com

Neither the TSX Venture Exchange nor its Regulation Services Provided
(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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