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 December 10, 2015 - 7:58 AM EST
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Estrella Announces Director Resignations

TORONTO, ON / ACCESSWIRE / December 10, 2015 / Estrella International Energy Services Ltd. (TSXV: EEN) (the "Company" or "Estrella"), announces that Horacio Reyser Daniel Kokogian and Remo Mancini have tendered their resignations as directors of Estrella. The resignations will take effect on a staggered basis, with Mr. Reyser's resignation to take effect immediately, Mr. Kokogian's resignation will take effect on December 31, 2015 and Mr. Mancini's resignation will take effect in March 31, 2016.

Diego Acevedo, who has been appointed as Chairman of the Board of Directors of Estrella expressed his gratitude to Messrs. Reyser, Kokogian and Mancini stating "On behalf of Estrella, and the other members of the Board, I would like to thank Horacio, Daniel and Remo for their service to the Company. Their expertise and dedication have benefitted the Company in countless ways. We wish them the utmost success in their future endeavours."

Upon all resignations taking effect, the Board of Directors of Estrella will be reduced to four members. The Company does not intend to appoint replacements for the departing directors.

About Estrella

Estrella is an oil and natural gas, geothermal and mining service company with operations throughout Latin and South America. It provides conventional drilling services; directional drilling services; tools and equipment sales and rentals; work-over and finishing services; and consulting and engineering services. The Corporation is headquartered in Buenos Aires, Argentina and has operating locations in six countries Latin and South America.

For further information:

Estrella International Energy Services Ltd.

Ricardo Sarmiento, Chief Executive Officer
Javier Vedoya, Chief Financial Officer
Telephone: +54 (11) 5217-5250
Facsimile: +54 (11) 5217-5280

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.

SOURCE: Estrella International Energy Services Ltd.

Source: Accesswire (December 10, 2015 - 7:58 AM EST)

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