TrueStar Petroleum Corporation: Operational Update-Supplemental

TrueStar Petroleum (TSX VENTURE:TPC) announces the execution of a contract with
China Carbon Corporation Incorporated.


The objective of the contract is to allow TrueStar and China Carbon Corporation
to cooperate in sourcing financing and in the growth of projects which will be
developed and registered as Clean Development Mechanism projects and deliver
Certified Emission Reductions. In addition to the standard revenues generated
for every Tcf of gas produced for the pipeline and/or converted to electricity
and supplied to the grid, there is the potential to broker carbon credits and
carbon credit derivatives on the open carbon credit market.


"To be associated with an organization like China Carbon Corporation and to
commence efforts to solidify our prospective projects in China is yet another
step in the 're-genesis' of TrueStar," stated TrueStar Chairman and CEO Dick
Shuster. "It is a major stride forward in our efforts to increase shareholder
value while fulfilling our mission of becoming a strategically profitable, safe
and environmentally conscious organization."


TrueStar has requested a Management Cease Trade Order (Extension) for the filing
of our audited 2007 financials. A set of mitigating circumstances, centering
primarily around the Chapter 11 Bankruptcy filing of the TrueStar Barnett
subsidiary is the reason. "We felt that performing the audit correctly rather
than quickly was paramount at this stage of our growth," stated Shuster.


Work continues to have the Guatemalan license reassigned. Currently the company
is discussing the project with a number of interested parties who have passed
our initial level of scrutiny. It is hoped to have a partner selected in the
near future so efforts to develop this project can be realized.


The sale of the Barnett Shale properties is under the timing restrictions of the
US Bankruptcy Court in Dallas. An initial offer of $20.1 million US has been
registered with the Court. A subsequent hearing will allow previously qualified
bidders to raise that price. A release on the results of that hearing will be
made upon formal acknowledgement by the Court.


The Company also announces the acceptance of the resignation of Board member
Russell Cohen. Leaving to devote more time to his own growing business, his
experience and perspective were appreciated and will be missed.


This announcement is being re-issued as the first release contained
administrative circulation deficiencies.


About TrueStar

TrueStar Petroleum Corporation is an oil and gas exploration, development, and
production company. TrueStar has interests in 34 producing gas wells in the
Barnett Shale gas play in Texas and a 10% interest in a license for oil and gas
development on 554,000 acres in Guatemala, and is waiting the reassignment of
the remaining 90% interest in the 554,000 acre License. Working interest
partners in Texas include publicly listed Devon Energy (NYSE:DVN), Carrizo Oil &
Gas (NASDAQ NM:CRZO), and EnCana (NYSE:ECA). Additional information on TrueStar
Petroleum Corporation is available at http://www.truestar-petroleum.com.


ON BEHALF OF THE BOARD OF DIRECTORS

Dick Shuster, Chairman and CEO