Lonestar Capital Corp. Announces Resignation of Director and Update on Qualifying Transaction

VANCOUVER and HOUSTON, August 27 /CNW/ - Lonestar Capital Corp. (TSX: LON.P) (the “Company”), a capital pool company listed on the TSX Venture Exchange (the "Exchange"), today announced that Mr. Russell Louis Rossi, a director of the Company has resigned from his position as a director of the Company, effective immediately for personal reasons. The board of directors of the Company would like to thank Mr. Rossi for his valuable contributions to the Company.

The Company is actively continuing to pursue its acquisition of both Acro Electric, Inc., a California corporation and NextEnergy Corp., a California corporation and its planned concurrent private placement, as the Company’s proposed qualifying transaction. Details regarding the proposed qualifying transaction can be found in the Company’s press release of July 16, 2008. The Company has filed a draft filing statement relating to the qualifying transaction with the Exchange to seek conditional approval to proceed with the proposed qualifying transaction.

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This press release contains forward looking statements within the meaning of applicable securities laws which are subject to risks, uncertainties and assumptions. Such forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions, the completion of the acquisitions and the private placement.

Although the directors of the Company currently believe that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct, and the results or events anticipated or predicted in any such forward-looking information may differ materially from actual results. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included herein are made as of the date hereof and are subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to do so, it does not undertake any obligation to, any time, publicly update such forward-looking statements to reflect new information, subsequent events or otherwise.