WellStar Completes Private Placement

NOT FOR DISSEMINATION IN THE US OR TO US WIRE SERVICES

WellStar Energy Corp. (TSX VENTURE:WSE.H)(FRANKFURT:W6V1) (the "Company" or
"WellStar"), announces that, further to our news release of September 12, 2012
(the "News Release"), it has completed a private placement of 1,604,167 common
shares at a price of $0.15 per common share for total proceeds of $240,625.05
(the "Offering"). The net proceeds of the Offering will be used for general
working capital purposes and for costs related to the Transaction described in
the News Release. An aggregate total of $12,858.00 in Finder's fees were paid in
connection with the Offering.


All securities issued in connection with the Offering will be subject to a four
month statutory hold period, expiring on February 18, 2013, in accordance with
applicable securities legislation. Closing of the Offering is subject to TSXV
acceptance. The Company also announces that Minaz Dhanani has joined the board
of directors of the Company effective as of the date of this news release.


ON BEHALF OF THE BOARD

Andrew H. Rees, President and Chief Executive Officer

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.


These securities have not and will not be registered under the United States
Securities Act of 1933 or any state securities laws and may not be offered or
sold in the United States or to a U.S. Person unless so registered, or an
exemption from registration is available to be relied upon. This news release
does not constitute an offer of securities for sale in the United States.