Petrostar Secures Land for Refining Site

August 12, 2013 - Vancouver, BC - Petrostar Petroleum Corporation (TSX-Venture: PEP; "Petrostar" or "the Company") announces that it has executed a surface land lease agreement for Farrow Distillation Corp.'s modular refining site in Alberta, Canada.

Farrow Distillation is the Company's 100% wholly owned subsidiary.

The original option to lease was signed by the Company and announced March 1, 2013.

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:

Deanna Sauve

Corporate Compliance Officer

Tel: 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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