HENDERSON, NV, Sept. 26, 2011 /PRNewswire/ – Stellar Resources Ltd., (OTCQB:
SRRL), (the “Company”) is pleased to announce that it has entered into
a binding agreement, subject to due diligence, to acquire 100% of
American Microbial Labs.

American Microbial has 33 species of specialized microbes. These
microbes have an affinity for hydrocarbons such as crude oil, diesel
fuel and kerosene. They are particularly effective at consuming
hydrocarbons in both waters and soils. American Microbial Labs has the
proven technology to grow, harvest, stabilize and package the microbes
in commercial quantities.

Produced Water

The Company sees a large and growing market for produced water clean-up
in the oil and gas business. Many oil wells produce more water than
oil, often a lot more water than oil. Regulatory bodies worldwide are
tightening rules on the disposal of produced water. New regulations are
planned throughout the world and when they come into effect the current
practice of simply pumping untreated produced water into disposal wells
will be severely curtailed. Meeting new standards for treating and
disposing of produced water will demand new solutions. Without cost
effective methods and technologies for treating produced water many
existing mature oil fields will simply become uneconomical to operate.

Testing

The Company will be conducting tests using the microbes on Alberta oil
sands produced water as part of its due diligence process. The Company
sees the Alberta Oil Sands as a large potential market to utilize the
microbes to treat the tailings ponds from heavy oil recovery and
upgrading facilities. Further, the microbes have proven effective in
cleaning up oil spills on land. Clean-up can be achieved in-situ
without the requirement of excavating the soil, allowing for better and
lower cost clean-up for large and small oil spills.

The Company, subject to successful completion of due diligence and
closing intends to increase the production of the microbes by adding
new production equipment in Alabama. The company intends to build a
services business based on using the microbes for cleaning produced
water and for oil spill clean-up.

The Company’s President Mr. Ray Jefferd commented “We are very pleased
with signing of this agreement. The acquisition of American Microbial
Labs is consistent with the Company’s stated business strategy of
acquiring and developing technologies that have a high profit impact in
the Oil and Gas industry.”

On behalf of the Board
Stellar Resources Ltd.

www.stellarltd.com

“Ray Jefferd”
Ray Jefferd
President & CEO

FORWARD LOOKING STATEMENT

This press release contains statements, which may constitute
‘forward-looking statements’ within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Prospective investors
are cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and uncertainties,
and that actual results may differ materially from those contemplated
by such forward-looking statements. Important factors currently known
to management that could cause actual results to differ materially from
those in forward-looking statements include fluctuation of operating
results, the ability to compete successfully and the ability to
complete before-mentioned transactions. The company undertakes no
obligation to update or revise forward-looking statements to reflect
changed assumptions, the occurrence of unanticipated events or changes
to future operating results.

SOURCE Stellar Resources Ltd.