Groundstar Resources Limited Provides Corporate Update

CALGARY, ALBERTA--(Marketwired - April 8, 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) is pleased to announce that it has filed with the Canadian securities authorities its unaudited financial statements and management's discussion and analysis for the three and nine month period ended January 31, 2015. Copies of the filed documents may be obtained through the company's profile on www.sedar.com.

In addition, the Company has recently closed on an issue of 355,000 common shares to various service providers at a deemed price of $0.25 per share to cover various outstanding debts of the Company. The shares are subject to a four month and a day restricted hold period.

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.

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 press release.