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Sector: Mining - Metals and Minerals  :

Sub Sector: Energy - Coal  :

News Release - April 20, 2009 5:36 PM ET 

Mining Sector: Investment Advisory - WestStar Resources Tobin Lake Project Upgraded in Status to 'Coal Field' and New Details on Immense Nunavut Coal Prospects

NEW YORK, NY, April 20, 2009 /Sector Newswire/ - Mining MarketWatch Journal has published a review on WestStar Resources Corp. (TSX VENTURE: WER) (Frankfurt: HN3) (US Listing: WSSRF.PK). The review offers insight and opportunity afforded investors with WestStar's growing portfolio of highly prospective coal projects. WER.V now possesses two coal projects of significance, one project in the same coal trend as Goldsource in Saskatchewan Canada where WestStar recently hit coal in two holes at the same depth a kilometre apart - proving there is a coal field on this property, and one project in Nunavut Canada which is of such immense potential and importance it could potentially triple the nation’s proven reserves of coal.

The full review and valuation commentary may be found at: http://miningmarketwatch.net/wer.htm online.

Excerpts:

       "WestStar is poised for significant upside share price revaluation as their coal holdings and prospects for resource growth have taken a leap forward on two fronts. WER.V appears exceptionally undervalued with less than ~35M shares outstanding and trading under CDN$0.15.
 
WestStar Tobin Lake Coal Field: Newly defined this week as a 'coal field'. On a property that is 20km by 30km in size, WestStar hit coal in all holes, two of which are ~1km apart -- confirming WER.V has a coal field. When you compare WestStar to Goldsource, the relative valuations are disproportionate and investors in WER.V should hold their shares tight as WestStar has only drilled three holes without the aid of EM surveys, yet they have managed to hit coal on all three. Compare that with Goldsource, they speculated that the coal seam was continuous and hit something like 45 of 95 holes with the aid of EM air borne survey. WER.V is in the same situation as Goldsource is lithology wise with mannville formation of cretaceous age sitting on the undulating surface of basins -- with the aid of an EM air borne survey outlining where the next coal targets are WestStar could conceivably supersede Goldsource in success.
 

Special Situation Advisory
WestStar Nunavut Coal: We have researched a phenomena unique to the property acquired by WER.V this month in Nunavut. The property has six kilometre long coal seams that can be seen from surface and we can confirm the existence of a historic report (non NI 43-101 compliant) from PetroCan that suggests a 20 billion tonne coal resource on the property. Additionally, we have confirmed recent discussions have taken place with interested parties (potential end users) about the future of taking the Nunavut project to a tide water coal operation, basically 'pit to ship', drastically reducing the cost of getting the coal to market."...

The full review and valuation commentary may be found at: http://miningmarketwatch.net/wer.htm online.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. The term investment advisory refers to the fact the reader is being advised there is a publication on an item that is also an investment, and not advice to buy or sell. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URLs.

SOURCE: Sector Newswire Per: Mining MarketWatch Journal

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