Gastar Exploration Inc.
Jul 17, 2008

Gastar Exploration Announces Second Quarter Earnings Release and Conference Call Schedule

HOUSTON, Jul 17, 2008 (BUSINESS WIRE) -- Gastar Exploration Ltd. (AMEX:GST) and (TSX:YGA) announced today that it will release its second quarter 2008 results on Monday, August 11, after the market closes. In conjunction with the release, Gastar has scheduled a conference call for 9:30 a.m. Eastern Daylight Time on Tuesday, August 12, that will be broadcast live over the Internet.

     What:  Gastar's Second Quarter 2008 Earnings Conference Call
     When:  Tuesday, August 12, 9:30 a.m. EDT
     How:   Live via phone by dialing (303) 262-2141 and asking for
             the Gastar call at least 10 minutes prior to the start
             time, or live over the Internet by logging on to the web
             at the address below.
     Where: http://www.gastar.com. The webcast can be accessed from
             the investor relations home page.

For those who cannot listen to the live call, a telephonic replay will be available through August 19 and may be accessed by calling (303) 590-3000, using pass code 11116435#. Also, an archive of the webcast will be available shortly after the call on the Company's website at www.gastar.com.

Gastar Exploration Ltd. is an exploration and production company focused on finding and developing natural gas assets in North America and Australia. Gastar pursues a strategy combining select higher risk, deep natural gas exploration prospects with lower risk coal bed methane (CBM) development. Gastar owns and operates exploration and development acreage in the deep Bossier gas play of East Texas. Gastar's CBM activities are conducted within the Powder River Basin of Wyoming and on approximately 6 million gross acres controlled by Gastar and its joint development partners in Australia's Gunnedah Basin (PEL 238, PAL 2, PEL 433 and PEL 434) located in New South Wales. For more information, visit our web site at www.gastar.com.

The American Stock Exchange and the Toronto Stock Exchange have not reviewed and do not accept responsibility for the adequacy or accuracy of this news release.

SOURCE: Gastar Exploration Ltd.

Gastar Exploration Ltd.
Michael Gerlich, 713-739-1800
Vice President and CFO
mgerlich@gastar.com
or
Investor Relations Counsel:
DRG&E
Lisa Elliott or Anne Pearson, 713-529-6600
lelliott@drg-e.com
apearson@drg-e.com

Copyright Business Wire 2008

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