Estrella Announces Appointment of Chief Executive Officer

Buenos Aires, Argentina--(Newsfile Corp. - March 31, 2015) - Estrella International Energy Services Ltd. (TSXV: EEN) (the "Company" or "Estrella"), is pleased to announce that it has appointed Ricardo Sarmiento as Chief Executive Officer of the Company effective April 13, 2015. Carlos Valencia, the current CEO, will remain with the Company until the end of April to assist with the transition process.

Ricardo Sarmiento was, most recently, the Chief Operations Officer for Vetra, an oil and gas exploration and development company based in Colombia, a position he held since 2014. Prior to that, he was the Vice President of Asset Delivery and Technical Resources (Colombia) for Talisman Energy, a global upstream oil and gas company headquartered in Canada. From 2009 to 2012 he was the Vice President of Technical Services and Development for Ecopetrol, one of the 25 largest petroleum companies in the world, and one of the four principal petroleum companies in Latin America.

Mr. Sarmiento began his career in the oil and gas industry in 1992 with BP where he spent 5 years in a variety of capacities including Facilities Integrity Engineer, Inspection Team Leader and Operations Engineer based in both Colombia and the United Kingdom. From 1997 to 2002 he was with LASMO, a leading British oil and gas exploration and production company, based out of Colombia and Venezuela. In 2002, Mr. Sarmiento joined AGIP, a subsidiary of ENI, and roles as Project Engineering Manager (Nigeria) and Engineering and Construction Manager (China). From 2006-2009, Mr. Sarmiento was with ENI where he was the Vice President of Regional Business Support, and prior to that the Manager of Strategic E&P for the Americas.

Mr. Sarmiento holds a degree in Petroleum Engineering, from Fundacion Universidad de America, Colombia (1991), a Master's in Project Management from Universidad Javeriana, Colombia (1994) and an MBA from University of Liverpool (2009).

For further information contact:

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, 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.

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