Estrella Sets Subscription Price for Rights Offering

Estrella International Energy Services Ltd. ("Estrella" or the "Company") (TSX
VENTURE:EEN), announces that in connection with the preliminary long form rights
offering prospectus ("Preliminary Prospectus") filed with the securities
regulatory authorities in British Columbia, Alberta and Ontario on February 21,
2013, the board of directors has fixed the subscription price for each common
share offered in the rights offering at CDN$0.05 per share. In accordance with
National Instrument 45-101 - Rights Offerings, the 20 day average closing price
of the Common Shares on the TSXV was $0.057. Accordingly, the subscription price
represents a 12% discount to the 20 day average closing price. 


As described in the Preliminary Prospectus, Ringo Holding L.P., an affiliate of
Southern Cross Latin America Private Equity Fund IV, L.P., and controlling
shareholder of the Company has indicated its intention to exercise all of the
rights issuable to it in connection with the rights offering, and may
additionally exercise the Additional Subscription Privilege (as such term is
defined in the Preliminary Prospectus).


The Company anticipates raising gross proceeds of up to CDN$25,000,000 in
connection with the Rights Offering.


A copy of the Preliminary Prospectus has been filed on SEDAR and is available
for review at www.sedar.com. 


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 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,
such as future availability of capital on favourable terms, 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Estrella International Energy Services Ltd.
Warren Levy
Chief Executive Officer
[phone]
[phone] (FAX)
[e-mail]