Estrella Announces Appointment of Chief Executive Officer

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DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL
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Estrella International Energy Services Ltd. (the "Company" or "Estrella") (TSX
VENTURE:EEN), is pleased to announce that at its recent annual strategy sessions
held in Bogota Colombia, it has appointed Carlos Valencia as Chief Executive
Officer of the Company effective January 1, 2014. Former President and Chief
Executive Officer Warren Levy, has agreed to continue with the Company as a
member of the board of Directors. 


Mr. Valencia has been a principal at Southern Cross Group, a Latin American
private equity firm, since 2013. Prior to joining Southern Cross, Mr. Valencia
was vice-president of Refinancia, a specialty servicer focused on servicing and
acquiring consumer NPL portfolios and originating and servicing consumer loans
for underserved segments. While at Refinancia, Mr. Valencia lead the team in
charge of setting up the Mexican and Peruvian operations while leading the
operations of the company in Colombia and the transformation of its operating
model. From 2008 to 2010, Mr. Valencia worked for McKinsey & Company in its
Boston and Bogota offices where he focused on financial institutions in Latin
America and in the United States. Mr. Valencia graduated with a Management
Engineering degree from Escuela de Ingenieria de Antioquia in Colombia and has
an MBA from the MIT Sloan School of Management.


Statements in this press release may contain forward-looking information. Any
statements in this press release that are not statements of historical fact may
be deemed to be forward-looking statements. Forward-looking statements are often
identified by terms such as "may", "should", "anticipate", "expects" and similar
expressions. Forward-looking statements in this press release include, but are
not limited to, statements with respect to the future business plans, prospects
and services. 


The reader is cautioned that assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events or circumstances,
may cause actual results to differ materially from those predicted, as a result
of numerous known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of Estrella. The reader is cautioned not to place
undue reliance on any forward-looking information. Such information, although
considered reasonable by management at the time of preparation, may prove to be
incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this press release are expressly
qualified by this cautionary statement. The forward-looking statements contained
in this press release are made as of the date of this press release, and
Estrella does not undertake any obligation to update publicly or to revise any
of the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by securities law.


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL
ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES
HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES
ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR
SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT
THEREFROM. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Estrella International Energy Services Ltd.
Javier Vedoya
Chief Financial Officer
[phone]
[phone] (FAX)
[e-mail]