Petrostar Petroleum Corporation announced that the company's board of directors has selected Lynda D. Olsen to be appointed as a new director of the company, subject to her successful approval by the TSX Venture Exchange. Ms. Olsen brings over 25 years of experience as an operations executive principally in the oil and gas industry, including 12 years with BP/Amoco. For the past eight years, she has owned and operated a successful consulting business, Global Business Ventures, which is engaged in a variety of business-related functions for private enterprises relative to cost recovery for major oil and gas company operations both domestically and internationally.

Ms. Olsen's appointment will provide the company with multi-industry consulting experience emphasizing financial, systems and operational expertise. She is expected to bring a track record and demonstrated strengths to the company in such areas as: mobilizing project start-ups, project planning, scheduling, coordination and execution; organizational and infrastructure development; acquisitions and divestitures, strategy building and financial and risk management analysis; cost controls and project accounting; contract negotiations and operations management, including purchasing and materials; market share strategies, sales and marketing management; competitive manoeuvring; and client and vendor management.