WellStar Energy : Announces Delays in Filing Annual Financial Statements

Calgary, AB, June 15, 2016 - WELLSTAR ENERGY CORP. (TSX-V: WSE) ('WellStar', or the 'Company') advises that the Company is finalizing its audited financial statements for the year ended January 31, 2016, management's discussion and analysis and related CEO and CFO certifications (collectively, the 'Required Filings') up-to-date.

The Company completed an acquisition of a private company, Nexxtep Resources Ltd., late in 2015. The audit delay stems from the efforts to bring WellStar and its wholly owned subsidiary Nexxtep under one corporate umbrella. The Company anticipates the Required Filings will be filed in the month of June 2016.

On May 30, 2016 the Company advised by way of news release that the filing of the Required Filings would be delayed beyond the filing deadline of May 30, 2016. In view of the delay in the filing of the Required Filings, the Company filed an application with the British Columbia Securities Commission pursuant to the provisions of Part 4 of National Policy 12-203 for a management cease trade order ('MCTO'). The British Columbia Securities Commission subsequently granted the MCTO, prohibiting certain insiders from trading in the securities of the Company until the Company files the Required Filings and the MCTO has been revoked. A MCTO does not generally affect the ability of persons who are not directors, officers or insiders of the Company to trade the securities of the Company pending the filing of the Required Filings on SEDAR. The Company will satisfy the provisions of the alternative information guidelines under National Policy 12-203 by issuing biweekly default status reports in the form of news releases so long as it remains in default of the filing requirements set out herein.

For further information please contact Andrew H. Rees at [phone].

ON BEHALF OF THE BOARD

(signed) 'Andrew H. Rees'
Andrew H. Rees
President

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.

THE FORWARD-LOOKING STATEMENTS CONTAINED IN THIS PRESS RELEASE PRESENT THE EXPECTATIONS OF THE COMPANY AS OF THE DATE HEREOF AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS.