EEN

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Estrella International Energy Services Ltd. (the "Company" or "Estrella") (TSX
VENTURE:EEN), wishes to announce that Mr. Christian Bauwens has tendered his
resignation as a Director and Chief Financial Officer of the Company. Mr.
Bauwens is leaving to pursue other opportunities outside of the energy industry
and outside of Latin America. Mr. Bauwens last day with the Company will be
April 15, 2012. Warren Levy, Chairman & Chief Executive Officer of Estrella
commented: "Management and the board wish to extend its appreciation to Mr.
Bauwens for all his hard work and effort over the last two years and wish him
all the best in his future endeavours."


Mr. 'Hernan Montoya will be appointed as interim Chief Financial Officer of the
Company to replace Mr. Bauwens.


Mr. Montoya has been the Corporate Controller for the Company since September
2007. Before joining Estrella, Mr. Montoya was Business Controller for Kuehne +
Nagel (Argentina), a leading logistics provider headquartered in Buenos Aires.
Prior to that he held several accounting positions in Kuehne + Nagel and also
worked as an auditor for Deloitte Touche and Price Waterhouse Coopers. Mr.
Montoya graduated from Universidad Nacional de La Plata (Argentina) as a
National Public Accountant and also holds a post-graduate diploma in finance
from the Universidad de San Andres, Argentina.


The board of directors, and its Governance Nominations and Compensation
Committee has not yet identified a replacement director to fill the vacancy that
will be created by Mr. Bauwens resignation.


The Company is also pleased to announce the appointment of Doug Parker as Vice
President of Operations for Estrella. Mr. Parker will be responsible for all
operations relating to Estrella's rig fleet in South America, reporting directly
to the CEO.


Mr Parker brings over 30 years of experience in the management of foreign
branches of international drilling contractors. He has worked on two occasions
as Latin American General Manager for a major US based drilling contractor. His
most recent position was as Global Director of Rigs and Third Parties, for Baker
Hughes Integrated Operations.


Statements in this press release may contain forward-looking information. Any
statements in this press release that are not statements of historical fact may
be deemed to be forward-looking statements. Forward-looking statements are often
identified by terms such as "may", "should", "anticipate", "expects" and similar
expressions. Forward-looking statements in this press release include, but are
not limited to, statements with respect to the future business plans, prospects
and services.


The reader is cautioned that assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events or circumstances,
such as future availability of capital on favourable terms or the current market
price of oil may cause actual results to differ materially from those predicted,
as a result of numerous known and unknown risks, uncertainties, and other
factors, many of which are beyond the control of Estrella. The reader is
cautioned not to place undue reliance on any forward-looking information. Such
information, although considered reasonable by management at the time of
preparation, may prove to be incorrect and actual results may differ materially
from those anticipated. Forward-looking statements contained in this press
release are expressly qualified by this cautionary statement. The forward-
looking statements contained in this press release are made as of the date of
this press release, and Estrella does not undertake any obligation to update
publicly or to revise any of the included forward-looking statements, whether as
a result of new information, future events or otherwise, except as required by
securities law.


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL
ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES
HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES
ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR
SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT
THEREFROM.

Estrella International Energy (TSXV:EEN)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Estrella International Energy (TSXV:EEN)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024