Wellstar Energy Corp. WSEYF

Financing

[Vanboarder]

December 18, 2012 WellStar Announces Appointment of Additional Director and Proposed Private Placement

Vancouver, B.C., December 18, 2012 -- WellStar Energy Corp. (TSX-V: WSE.H) (the "Company" or "WellStar"), is pleased to announce the appointment of Mr. Russel Murray as a director to its board of directors. Mr. Murray is the Founder and Managing Partner of the Law Offices of O. Russel Murray, PC in Denver, Colorado from 1989 to present. He has been transaction counsel for acquisitions, divestitures, and project development (oil & gas, commercial real estate, business operations) totaling over $1 billion and trial counsel in complex business litigation in over 35 states and 5 foreign countries. Mr. Murray is an Adjunct Professor (negotiation and dispute resolution classes), University of Denver, Sturm Law School. Mr. Murray obtained a BS (business/accounting), 1973: University of Colorado, Boulder, a JD cum laude, 1976: Southwestern University Law School, Los Angeles and a LLM (trade regulation), 1977: Northwestern University School of Law, Chicago as a Raymond Fellowship Recipient. In addition, in order to raise additional working capital, the Company announces it proposes to raise up to $400,000 by way of a private placement financing of up to 2,666,667 common shares at a price of $0.15 per share. The net proceeds from the financing will be used for general working capital purposes. All securities issued in connection with the financing will be subject to a four month and a day statutory hold period, in accordance with applicable securities legislation. Finder's fees may be payable in connection with the proposed private placement financing. Closing of the financing is subject to TSXV approval. Just looked at this stock for the first time today so if anybody knows........what do they have for actual cash versus the amount of shares they'll be issueing to come up with the cash for the purchase? It won't be that great a deal if that have to issue 340 million shares for it????

[ontheDL]

The completion of the Transaction is conditional upon completion of due diligence, entering into a mutually acceptable definitive purchase and sale agreement by September 28, 2012, preparation of a National Instrument 51-101 compliant technical report; the Company securing suitable financing within the timeframe agreed to by the parties and obtaining all necessary regulatory approvals to the

[TSXPLAYER1]

bids have been firming up nicely. L2 looks very clean with .17 facing .24 Just need this deal to close and then it's off to the races. Do your own due diligence always and good luck.

[flinger321]

Even at 24cents this is an easy double once the deal is done.

[TSXPLAYER1]

already at .18 today, so not too far off from moving into the .20s as we get closer to getting this deal done. 2013 could be a huge year for us.