Petrostar Petroleum is now Cerus Energy Group - New Name and Trading Symbol

NEWS RELEASE   |   Friday, September 4th, 2015

Petrostar Petroleum is now Cerus Energy Group - New Name and Trading Symbol

The directors and management of Cerus Energy Group Ltd. (“Cerus” or “the Company”) are very pleased to announce that the Company is now officially trading under its new name and trading symbol CEA. The board of directors proposed the name change from Petrostar Petroleum Corporation to Cerus Energy Group Ltd. in an earlier news release on May 21, 2015. The proposed name was ratified by shareholder vote at the Company’s Annual General Meeting held on June 29, 2015. The application to change the name and trading symbol was submitted to the TSX Venture Exchange, which has now been accepted.

The name change to Cerus Energy Group Ltd. was necessary to reflect the Company’s reorganization, alignment and new vision for the future. Most importantly, Cerus will leverage its subsidiaries to provide the flexibility and operational strength for the Company to compete and succeed in the energy sector.

At this time the management would like to acknowledge shareholders’ continued support as the Company continues to build on its opportunities. We would also like to invite all shareholders and interested parties to visit our new website at www.cerusenergy.com.

Cerus Energy Group CEO R. Mackenzie Loree stated:

"We are proud to launch Cerus Energy Group and its integrated and flexible business structure for use in today’s fluctuating energy market. Our platform gives Cerus the ability to participate in diverse energy development and operational activities, while also providing capitalization flexibility. Most importantly, we will be able to create long-term and mutually bene-ficial business alliances with both industry leaders and capital partners.

The Company is focused on the continued development of its existing projects such as the Class B Dis-posal facility profiled in a Petrostar Petroleum News Release dated 12 May 2015. The Company will provide a comprehensive project update in the near future.

Thank you for continuing to support the Company. We look forward to a strong Q3 and Q4."

About Cerus Energy Group

Cerus Energy Group is a Tier 2 Canadian-based oil and gas exploration company trading on the TSX Venture Exchange with property assets in both Alberta and Saskatchewan.

About Cerus Energy Group's Subsidiary Companies

Texalta Industries Ltd. and Lomac Canada Ltd. are wholly owned subsidiary company's serving various sectors of the oil and gas industry in the Province of Alberta. Maverick Northstar is a private joint venture company between Petrostar Petroleum Corp. of Alberta, Canada and Maverick Synfuels Inc of North Carolina, USA. Maverick Northstar is a chemical processing company focused on improving the value of methane through the production and utilization of methanol in Western Canada located in the province of Alberta. Petrostar holds 60% ownership of Maverick Northstar shares. For further information, please contact:

Primary Contact:
Bruce Scafe
1-877-737-8864
bscafe@cerusenergy.com

Alternate Contact:
Mackenzie Loree, CEO
1-403-861-6779
mloree@cerusenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING INFORMATION

Certain information in this news release is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company’s beliefs, plans, expectations, anticipations, estimates and intentions. The words “may”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “anticipate”, “estimate”, “expect”, “intend”, “plan”, “target” and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company’s expectations as of the date of this news release. The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from a conclusion, forecast or projection in such forward-looking information include, among others, risks arising from general economic conditions and adverse industry events.

When relying on forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION ON AT ANY PARTICULAR TIME.