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Tradestar Resources Releases Financial Reports, Fiscal 2007-08, Third Quarter

Posted on: Tuesday, 5 February 2008, 09:01 CST

Tradestar Resources Corporation (PINKSHEETS: TSRR) today announces financial results for its third quarter which ended December 31, 2007. Revenue for the quarter was $182,626 compared to $127,622, a 43% increase over the same period one year ago. Net income for the quarter was $28,771 compared to the prior year's same period loss $106,517.

"Our operating subsidiary, Tradestar Energy, Inc., brought projects online in both Texas and Louisiana which brought us reductions in monthly lease operating expenses," said Tom Feimster, President. "With expansions in current projects planned for fourth quarter and several new projects scheduled to come online in our new fiscal year, we are excited about the possible significant increases in both revenue and income during this next year."

Tradestar Resources Corporation, an independent energy company engaged in the exploration, development, exploitation and acquisition of domestic on-shore oil and natural gas properties, financial statements can be found at www.Tradestar-Corp.com and www.PinkSheets.com.

About Tradestar: Tradestar Resources Corporation strives to enhance asset value by expanding oil and natural gas reserves raising production levels and increasing cash flow. Tradestar intends to foster its growth as an independent oil and gas company by investing in only proven producing wells.

Additional company information is available at www.tradestar-corp.com.

DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Tradestar Resources Corporation's filings with the Securities and Exchange Commission. These risks could cause Tradestar Resources Corporation's actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Tradestar Resources Corporation.

For further information, please visit our website (www.tradestar-corp.com) or send questions and comments to ir@tradestar-corp.com.

 For further information, please visit our website: www.tradestar-corp.com Tradestar Resources Corporation Email: Email Contact

SOURCE: Tradestar Resources Corporation

Source: MARKET WIRE

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