Groundstar Resources Limited

Groundstar Resources Limited

June 26, 2009 16:00 ET

Groundstar Consortium Completes Seismic Acquisition

CALGARY, ALBERTA--(Marketwire - June 26, 2009) - Kam Fard, President and Chief Executive Officer of Groundstar Resources Limited (TSX VENTURE:GSA) ("Groundstar") is pleased to announce that Groundstar's consortium has completed the acquisition of its 2-D seismic program over the surface structure that dominates the Qara Dagh block.

The 355-kilometre program was completed successfully using a combination of vibrator and dynamite sources. Processing has commenced and interpretation will follow once final processed sections are received. Interpretation of the data is expected to resolve the subsurface structural model and identify potential reservoir sections leading to the selection of a drilling location. The first drilling location is expected to be identified by the end of the third quarter of 2009. Groundstar holds a 6% participating interest in a Production Sharing Contract with the Kurdistan Regional Government in the 846 square kilometre Qara Dagh block in Sulaymaniyah governorate of the Federal Region of Kurdistan - Iraq.

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.

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