WellStar Announces Closing of Private Placement

Calgary, Alberta--(Newsfile Corp. - September 21, 2015) - WELLSTAR ENERGY CORP. (TSXV: WSE) (the "Company") announced today it has closed a non-brokered private placement in the amount of $750,000 through the sale of 7,500,000 Flow Through Units (the "FT Units") at $0.10 per FT Unit (the "Offering"). Each FT Unit will consist of one common share (a "FT Unit Share") and one half of one common share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one common share at an exercise price of $0.12 for a period of 24 months following the closing of the FT Unit Offering. Andrew H. Rees, President, CEO and a director, subscribed for 141,027 FT Units of the offering for $14,103 through Hutch Capital Corp. (a company wholly owned by Mr. Rees).

In connection with the Offering, the Company paid an eligible arm's-length finder a cash placement fee of 8% of the gross proceeds of a portion of the Offering as well as common share purchase warrants equivalent to 8% of the gross proceeds made by purchasers introduced by such finder. In total, the Company paid $8,000 in cash and issued 80,000 non-transferable finder's warrants (with the same terms as the FT Unit Warrants) to eligible finders. All securities issued in connection with the offering will be subject to a hold period in accordance with applicable securities legislation that expires on January 19, 2016. Completion of the Offering is subject to the final approval of the TSX Venture Exchange.

Net proceeds from the Offering will be applied towards the payment of current liabilities, exploration and development of the Company's oil and gas properties and for general working capital purposes.

For further information please contact Andrew H. Rees at (403) 919-7900.

ON BEHALF OF THE BOARD

(signed) "Andrew H. Rees"

Andrew H. Rees
President and Chief Executive Officer

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

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company. Readers are cautioned not to place undue reliance on forward looking statements.