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333 Seymour Street, 14th Floor
Vancouver, British Columbia, Canada V6B 5A6
Tel: (604) 669-6952       Fax: (604) 669-6331

NEWS RELEASE

July 7, 2008

TSX - Venture: TPC

BCSC issues Cease Trade Order


TrueStar Petroleum Corporation announces that the British Columbia Securities Commission has issued a Cease Trade Order for failure to file annual Audited Financials. Circumstances surrounding the Chapter 11 Bankruptcy proceedings of TrueStar Barnett LLC are the primary factor in the delay.

About TrueStar
TrueStar Petroleum Corporation is an oil and gas exploration, development, and production company. TrueStar has two 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. Additional information on TrueStar Petroleum Corporation is available at http://www.truestar-petroleum.com   

For further information:   


Dick Shuster, 
(303) 893-2100 (O)
(303) 893-2101 (F)

 



dshuster@truestar-petroleum.com


Canada Office
(604) 669-6952 (O)
(604) 669-6331 (F)

 



Cindy Newton, Secretary VP Administration
info@truestar-petroleum.com

ON BEHALF OF THE BOARD OF DIRECTORS

"Dick Shuster"
      Dick Shuster
      Chairman & CEO


The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

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