Star Navigation Systems Group Ltd.
TSX VENTURE : SNA
OTCBB : SNAVF

Star Navigation Systems Group Ltd.

September 29, 2015 17:00 ET

Star Applies to Extend Term and Reprice Certain Warrants

TORONTO, ONTARIO--(Marketwired - Sept. 29, 2015) - Star Navigation Systems Group Ltd. (TSX VENTURE:SNA)(OTCBB:SNAVF) ("Star" or the "Company") announces that it has applied to the TSX Venture Exchange (the "Exchange") to extend the term of and reprice 11,250,000 common share purchase warrants (the "Warrants") issued pursuant to a private placement announced October 18, 2013. The Warrants, originally due to expire October 16, 2015 carried an exercise price of $0.20.

Subject to Exchange acceptance, each Warrant will now entitle the holder thereof to purchase one common share of Star at an exercise price of $0.08. The new expiry date of the Warrants will be October 18, 2018.

About Star Navigation: (www.star-navigation.com)

Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S.™ System. It is the first system in the world to feature in-flight data-analysis, monitoring and diagnostics with a real-time connection between aircraft and ground. Its real-time capability of tracking performance trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator.

Star's MMI Division designs and manufactures high performance mission critical flight deck, flat panel displays for defence and commercial aviation industries worldwide.

Neither 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 the content of this release.

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