Groundstar Resources Limited

Groundstar Resources Limited

November 08, 2005 14:42 ET

Groundstar Resources Limited Retains Investor Relations Firm

CALGARY, ALBERTA--(CCNMatthews - Nov. 8, 2005) - Kam Fard, President and Chief Executive Officer of Groundstar Resources Limited ("Groundstar") (TSX VENTURE:GSA), is pleased to announce that Groundstar has retained Redwood Capital Corporation ("Redwood") of Calgary, Alberta, to provide an investor and financial relations program, including the preparation of corporate presentations, communication to the investment community and assistance in developing relationships with brokerage and investment banking firms. The agreement will cover the period from November 8, 2005 to November 7, 2006, with compensation to total $30,000. The agreement is renewable under negotiable terms and is subject to regulatory approval. Groundstar will be applying to the TSX Venture Exchange for approval of the investor and financial relations arrangement.

Jason Krueger, President of Redwood, has conducted investor relations programs for a variety of Canadian-listed companies. Mr. Krueger holds the Chartered Financial Analyst® designation, and is a member of the CFA Institute as well as The Calgary Society of Financial Analysts. Groundstar and Redwood act at arm's length to each other and Redwood has no direct or indirect interest in Groundstar or its securities.

Groundstar Resources Limited is a publicly traded Canadian based junior oil and gas company actively pursuing international exploration and production opportunities, particularly in Guyana, Libya, and Central Asia.


Kam Fard, President & Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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