Groundstar Resources Limited Provides Corporate Update

CALGARY, ALBERTA--(Marketwired - Nov. 27, 2014) -

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

Groundstar Resources Limited (the "Company") (TSX VENTURE:GSA) announces that the Company has terminated the consulting services agreement with the personal holding company of Chad Dust and has appointed Murray Stodalka, P.Eng., as Chairman of the Board of Directors effective immediately.

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.

Groundstar Resources Limited
Suite 2300, 144 4th Avenue SW, Calgary, Alberta T2P 3N4
www.groundstarresources.com

Tyron Pfeifer
403.614.9902
[e-mail]

Shabir Premji
403.265.2549
[e-mail]