Star Navigation Systems Group Ltd.

Star Navigation Systems Group Ltd.

February 22, 2010 13:30 ET

Star Navigation Amends Exercise Price of Option Grants-Director Resigns

TORONTO, ONTARIO--(Marketwire - Feb. 22, 2010) - Star Navigation Systems Group Ltd. (TSX VENTURE:SNA) ("Star" or the "Company"), a leading edge technology company focused on providing Aerospace Solutions to assist aviation operators worldwide, announces that it has amended the exercise price of certain stock option grants previously announced (see press release February 4, 2010). The amended exercise price for the grants to a director and to an officer of the Company is $0.21. All other terms and conditions of the grants remain the same.

The Company also announces the resignation of Mr. Robin Riedel, a director of the Company. Mr. Riedel's resignation is effective February 10, 2010. The Company thanks Mr. Riedel for his service and wishes him well in his future endeavours.

About Star Navigation:

Star Navigation Systems Group Ltd. ( owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, the first system in the world to feature in-flight data-analysis, monitoring and diagnostics with a real-time connection between aircraft and ground. Its real-time capability of tracking performance-trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words "may", "would", "could", "will" and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements. Such statements reflect Star's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star's actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements.

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

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