Groundstar Resources Limited Announces the Filing of Its Annual Information Form


CALGARY, ALBERTA--(Marketwire - Aug. 29, 2011) -

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 ("Groundstar") (TSX VENTURE:GSA) is pleased to announce that the Annual Information Form for the year ended April 30, 2011 has been filed on SEDAR, which contains Groundstar's required disclosure under National Instrument 51-101. This document will also be posted on Groundstar's website next week.

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 the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:

Groundstar Resources Limited
Kam Fard
President
(403) 265-2549
kfard@groundstarresources.com

Groundstar Resources Limited
Jason Krueger, CFA
Investor relations
(403) 374-1234
jason@redwood-capital.com