Groundstar Resources Limited Announces Results From Annual General and Special Meeting of Shareholders

CALGARY, ALBERTA--(Marketwired - Jan. 16, 2015) -

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Groundstar Resources Limited (TSX VENTURE:GSA) (the "Company") is pleased to announce that at its recently held Annual General and Special Meeting of Shareholders, Tyron Pfeifer, Dale Hammons, Murray Stodalka and Shabir Premji were elected as directors of the Company. Shareholders also approved the appointment of Deloitte and Touche LLP, Chartered Accountants, as auditors of the Company and reapproved the Company's rolling Stock Option Plan, as required by TSX Venture Exchange ("TSXV") policies.

The Company is currently accelerating development of its high impact, conventional light oil prospect inventory. Specific timelines and budgetary details of the program will be announced in the near future.

About Groundstar Resources Limited

Incorporated in 1968, Groundstar Resources Limited is a publicly traded oil and gas company actively growing a portfolio targeting producing oil and gas assets with development opportunities and exploration upside. The Company's current portfolio of resource assets provides both near term and longer term potential. Groundstar is quoted and trades under the ticker symbol "GSA" on the TSX Venture Exchange.

Disclaimer

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.