Groundstar Resources Limited
TSX VENTURE : GSA

Groundstar Resources Limited

August 16, 2007 17:54 ET

Groundstar Announces Its Audited Financial Statements for the Year Ended April 30, 2007

CALGARY, ALBERTA--(Marketwire - Aug. 16, 2007) - Groundstar Resources Limited (TSX VENTURE:GSA) ("Groundstar") is pleased to announce it has filed its audited financial statements and management's discussion and analysis for the year ended April 30, 2007 (the "Financial Statements"). The Financial Statements are available for download at www.sedar.com.

GROUNDSTAR RESOURCES LIMITED

Groundstar is a publicly traded Canadian junior oil and gas company actively pursuing exploration opportunities in Guyana, Central Asia and 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.

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