CALGARY, ALBERTA–(Marketwired – March 8, 2017) –

NOT FOR DISTRIBUTION TO THE U.S.A. NEWS WIRE SERVICES OR FOR DISSEMINATION TO THE U.S.A.

Groundstar Resources Limited (TSX VENTURE:GSA) (the “Company“) announces that it has become aware of the unusual trading volumes and stock price fluctuation of the Company`s common shares which are listed on the TSX Venture Exchange. At the request of the Investment Industry Regulatory Organization of Canada, the Company wishes to confirm that management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity and knows of no reason for the unusual trading activity. The Company is current on its regulatory filings and plans to report the third quarter results later this month as required by applicable securities laws.

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.

Groundstar Resources Limited
Murray Stodalka
403.532-6730
[email protected]
www.groundstarresources.com