Groundstar Resources Limited
TSX VENTURE : GSA

Groundstar Resources Limited

August 27, 2010 18:21 ET

Groundstar Resources Limited Announces Financial and Operating Results for the Year Ended April 30, 2010 and the Filing of Its Annual Information Form

CALGARY, ALBERTA--(Marketwire - Aug. 27, 2010) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Kam Fard, President and Chief Executive Officer of Groundstar Resources Limited (TSX VENTURE:GSA) ("Groundstar") is pleased to announce that the annual audited financial statements and management's discussion and analysis for the year ended April 30, 2010 have been filed on SEDAR. The Annual Information Form for the same period has also been filed on SEDAR, which contains Groundstar's required disclosure under National Instrument 51-101. All of these documents will also be posted on Groundstar's website next week.

Groundstar is a publicly traded Canadian junior oil and gas company actively pursuing exploration opportunities in Guyana, North Africa and the Middle East.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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