TriStar Oil & Gas Ltd. and Real Resources Inc. - Plan of Arrangement Receives Shareholder Approval

    CALGARY, Aug. 2 /CNW/ - TriStar Oil & Gas Ltd. (TSX:TOG) and Real
Resources Inc. (TSX:RER) are pleased to announce that their respective
shareholders have today voted to approve the previously announced plan of
arrangement (the "Arrangement") which provides for the combination of TriStar
and Real to form a new intermediate oil and gas exploration and development
company, which will continue under the name TriStar ("New TriStar"). The
Arrangement was approved by over 92% of TriStar shareholders and by over 97%
of Real shareholders that voted at their respective meetings. The New TriStar
stock option and stock incentive plans were also approved.
    Under the Arrangement each TriStar shareholder will receive 0.4762 shares
of New TriStar for each share of TriStar held and each Real shareholder will
receive one share of New TriStar for each share of Real held. The completion
of the Arrangement requires the final approval of the Court of Queen's Bench
of Alberta. A hearing before the Court of Queen's Bench to obtain final
approval is scheduled for 1:30 PM (Calgary time) on August 13, 2007. Following
the final approval, it is anticipated that the Arrangement will be completed
on August 16, 2007. New TriStar will trade on the TSX under the symbol "TOG".

    %SEDAR: 00023171E

For further information:

For further information: Brett Herman, President & Chief Executive
Officer, TriStar Oil & Gas Ltd., (403) 268-7800 or Jason Zabinsky, Vice
President, Finance & Chief Financial Officer, TriStar Oil & Gas Ltd., (403)
268-7800 or Lowell Jackson, President & Chief Executive Officer, Real
Resources Inc., (403) 262-9077

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TriStar Oil & Gas Ltd.

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