Petrostar Grants Incentive Stock Options

August 19, 2013, Vancouver, BC - Petrostar Petroleum Corp. (TSX-Venture: PEP; "Petrostar" or "the Company") wishes to announce the granting of 3,250,000 incentive stock options to its directors and officers and consultants.

The options will have a 5-year term and an exercise price of $0.12.

The market price at the close on August 16, 2013 was $0.16.

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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