Groundstar Resources Limited
TSX VENTURE : GSA

Groundstar Resources Limited

October 30, 2007 18:17 ET

Groundstar Resources Limited Applies for Extension of Warrants

CALGARY, ALBERTA--(Marketwire - Oct. 30, 2007) - Groundstar (TSX VENTURE:GSA) is pleased to report that it will apply today to the TSX Venture Exchange to extend the expiry date of its outstanding share purchase warrants. The first series comprises 2,875,167 share purchase warrants at an exercise price of $1.20. The application is to extend the expiry date from December 1, 2007 to June 1, 2008, two years after the issue date. The second series comprises 5,416,667 share purchase warrants at an exercise price of $2.00. The application is to extend the expiry date from December 30, 2007 to June 30, 2008, two years after the issue date.

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

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Contact Information