CORRECTING and REPLACING TexStar Oil Corporation Executes LOI on Indonesia Bima Sakti Area - North Lampung

CORRECTION...by TexStar Oil Corporation

DALLAS--()--In release dated December 10, 2013, PT. Sigma Energi Petrogas should read PT Bima Sakti Energy and Enrekang Block Onshore South Sulawesi should read Bima Sakti Area - North Lampung in headline and first graph.

The corrected release reads:

TEXSTAR OIL CORPORATION EXECUTES LOI ON INDONESIA BIMA SAKTI AREA - NORTH LAMPUNG

TexStar Oil Corporation (OTCBB: TEXS) announced today that the Company has executed a Letter of Intent (LOI) with PT Bima Sakti Energy for the purchase of drilling and exploration rights of Bima Sakti Area - North Lampung field in Indonesia.

“We are very pleased to be moving forward with our plans of making a long term investment into the exploration and development of on-shore and off-shore oil & gas prospects in Indonesia. Our management’s operations experience in the region, combined with our local partner’s relationships and knowledge of the target fields, makes this an ideal business case for years to come,” said Nathan Halsey, Chairman of TexStar Oil Corporation.

About TexStar Oil Corporation:

TexStar Oil Corporation (“TEXS”) is a publicly listed (OTCBB) oil and gas company. The Company is focused on Indonesia and the North Sea, with existing prospects targeting exploration and exploitation of high impact oil and gas projects located near infrastructure and existing discoveries. For additional information log on to www.texstaroil.com

Safe Harbor

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that represent the company's current expectations and beliefs. All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws and include, but are not limited to, statements of management's expectations regarding the company's performance, initiatives, goals, strategies and new product introductions; statements of projections regarding international sales targets and goals in Asia including Mainland China; statements of belief; and statements of assumptions underlying any of the foregoing. In some cases, you can identify these statements by forward-looking words such as "believe," "expect," "project," "anticipate," "estimate," "intend," "plan," "targets," "likely," "will," "would," "could," "may," "might," the negative of these words and other similar words.

The forward-looking statements and related assumptions involve risks and uncertainties that could cause actual results and outcomes to differ materially from any forward-looking statements or views expressed herein. These risks and uncertainties include, but are not limited to, the following:

-- any changes in operations or future financial results from those currently anticipated;

-- any failure of current or planned initiatives or products to generate interest among distributors and customers and generate sponsoring and selling activities on a sustained basis;

-- risks related to accurately predicting, delivering or maintaining sufficient quantities of products to support our planned initiatives or launch strategies, including possible ingredient supply limitations;

-- risk of foreign currency fluctuations and the currency translation impact on the company's business associated with these fluctuations;

-- regulatory risks associated with the company's products, which could require the company to modify its claims or inhibit the company's ability to import or continue selling a product in a market if it is determined to be a medical device or if it is unable to register the product in a timely manner under applicable regulatory requirements;

-- any inability to secure necessary governmental approvals or licenses to effect any future changes or expansion;

-- regulatory scrutiny and investigations in target markets in Asia and other foreign markets, that could in the future, negatively impact the company's business, including the interruption of sales activities in stores, loss of licenses, and the imposition of fines;

-- adverse publicity related to the company's business, products, industry or any legal actions or complaints by distributors or others; and

-- continued competitive pressures in the company's markets.

The company's financial performance and the forward-looking statements contained herein are further qualified by a detailed discussion of associated risks set forth in the documents filed by the company with the Securities and Exchange Commission. The forward-looking statements set forth the company's beliefs as of the date that such information was first provided and the company assumes no duty to update the forward-looking statements contained in this release to reflect any change except as required by law.

Contacts

TexStar Oil Corporation
Glenda Lopez, 214-865-6589
glopez@texstaroil.com

Release Summary

TexStar Oil Corporation Executes LOI with PT Bima Sakti Energy on the purchase of Bima Sakti Area - North Lampung field in Indonesia.

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Contacts

TexStar Oil Corporation
Glenda Lopez, 214-865-6589
glopez@texstaroil.com