Star Navigation Systems Group Ltd.

Star Navigation Systems Group Ltd.

June 06, 2012 13:57 ET

Star Navigation Announces Appointment of Corporate Secretary and Option Grants

TORONTO, ONTARIO--(Marketwire - June 6, 2012) - Star Navigation Systems Group Ltd. (TSX VENTURE:SNA) ("Star" or the "Company"), announces that Mr. Roger S. Peacock, LL.B., has been appointed Secretary of the Company. Mr. Peacock is also General Counsel to the Company. In connection with his appointment, the Company has granted Mr. Peacock 200,000 options to purchase common shares of the Company at a price of $0.15 until April 15, 2015.

The Company also announces that, pursuant to its 2006 Incentive Stock Option Plan, as amended, it has granted incentive stock options to certain of its officers, directors and consultants to purchase up to an aggregate of 1,730,000 common shares in the capital stock of the Company. The options expire April 15, 2015. All options are exercisable at a price of $0.15 per share, with the exception of 200,000 options granted to a consultant at an exercise price of $0.10 per share and 200,000 options granted to an officer at an exercise price of $0.20 per share.

About Star Navigation:

Star Navigation Systems Group Ltd. ( owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words "may", "would", "could", "will" and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements. Such statements reflect Star's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star's actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements, except as required by law.

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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