Groundstar Resources Limited
TSX VENTURE : GSA

Groundstar Resources Limited

June 29, 2012 17:00 ET

Groundstar Resources Limited Announces Resignation of John Van Der Welle from the Company's Board of Directors

CALGARY, ALBERTA--(Marketwire - June 29, 2012) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Kam Fard, President and Chief Executive Officer of Groundstar Resources Limited (TSX VENTURE:GSA) wishes to announce the resignation of John Van Der Welle from the company's board of directors.

Upon accepting Mr. Van Der Welle's resignation Mr. Fard said "I wish to thank Mr. Van Der Welle for his tremendous contribution to Groundstar over the past four years. I am personally gratified for his unwavering loyalty and support throughout the years of service on our board. The officers and directors of Groundstar wish him every success in his future endeavors."

About Groundstar Resources Limited

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

Neither the 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 this release.

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