GROUNDSTAR RESOURCES LIMITED
Suite 1650, 717 7th Ave. S.W., Calgary, Alberta, T2P 0Z3
Telephone: (403) 265-2549
Facsimile: (403) 265-2558
NEWS RELEASE
GSA-TSX Venture Exchange
October 7, 2009
SOUTH MALAK #1 WILDCAT STILL DRILLING
Groundstar Resources Limited ("Groundstar" or the "Company") wishes to announce that the
South Malak #1 well, currently drilling on the West Esh El Mellaha block in the Gulf of Suez,
has encountered thicker than expected Miocene Rudeis and Nukhul sections. The well is at
9,760 feet in the Lower Nukhul, below the original total depth prognosis of 9,043 feet. It is now
expected the well will be drilled to approximately 10,700 feet. The potential sandstone reservoirs
of the pre-Miocene Matulla and Nubian have yet to be penetrated.
Groundstar is a publicly traded Canadian junior oil and gas company actively pursuing exploration opportunities in Guyana, North Africa and the Middle East.
FOR FURTHER INFORMATION CONTACT:
Kam Fard
President & CEO
(403) 265-2549
kfard@groundstarresources.com
Jason Krueger, CFA
Investor Relations
Telephone: (403) 374-1234
jason@redwood-capital.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
FORWARD LOOKING STATEMENTS: All statements in this news release that are forward looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove accurate; actual results and future events could differ materially from those anticipated in such statements.
