Star Navigation Systems Group Ltd.

Star Navigation Systems Group Ltd.

February 09, 2010 14:00 ET

Star Navigation Announces No Material Change

TORONTO, ONTARIO--(Marketwire - Feb. 9, 2010) - Star Navigation Systems Group Ltd. (TSX VENTURE:SNA) ("Star" or the "Company"), at the request of Market Surveillance, on behalf of the TSX Venture Exchange, announces that the Company is not aware of any material undisclosed development at this time that would cause the recent upward movement in the Company's share price. As previously disclosed, the Company continues discussions with respect to new and ongoing business opportunities, the development of its Second Generation Star Server Unit and its research and development activities.

No material changes or events have taken place which have not been previously disclosed.

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.

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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