Groundstar Resources Limited
TSX VENTURE : GSA

Groundstar Resources Limited

January 26, 2006 08:00 ET

Groundstar Commences Ground Gravity Survey in Guyana

CALGARY, ALBERTA--(CCNMatthews - Jan. 26, 2006) - Kam Fard, President and Chief Executive Officer of Groundstar (TSX VENTURE:GSA) is pleased to announce that a ground gravity survey commenced early January in the Rewa area located in the northeastern part of the Takutu Basin, Guyana.

The primary objective of the gravity survey is to provide additional structural control over the large un-drilled Rewa Prospect. The Prospect is partially fault-controlled to the east and north. The gravity survey will help to delineate the orientation and extent of the faults. The Prospect as currently mapped covers approximately 110 square kilometers and could contain 110 million Barrel of recoverable reserves.

Gravity survey is expected to be completed by early March.

Groundstar is a publicly traded junior Canadian based oil and gas company actively pursuing international oil and exploration and production opportunities particularly in Central Asia, Guyana and North Africa.

ON BEHALF OF THE BOARD

Kam Fard, President & Chief Executive Officer


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

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