Groundstar Resources Limited
TSX VENTURE : GSA

Groundstar Resources Limited

March 09, 2015 15:44 ET

Groundstar Resources Limited Provides Corporate Update

CALGARY, ALBERTA--(Marketwired - March 9, 2015) -

NOT FOR DISTRIBUTION TO THE U.S.A. NEWS WIRE SERVICES OR FOR DISSEMINATION TO THE U.S.A.

Groundstar Resources Limited. (the "Company") (TSX VENTURE:GSA) announces that the Board of Directors has accepted the resignation of Mr. Shabir Premji as Chief Financial Officer and a director of the Company, effective immediately. Mr. Premji has indicated that he has decided to pursue other opportunities. The Board of Directors thanks Mr. Premji for his contributions over the last several years in his role as a Director and as a member of the Company's management team. The Company will be commencing a search for a new Chief Financial Officer.

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.

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