GROUNDSTAR RESOURCES LIMITED
Suite 1650, 717 7th Ave. S.W., Calgary, Alberta, T2P 0Z3
Telephone: (403) 265-2549
Facsimile: (403) 265-2558
NEWS RELEASE
August 31, 2011
GROUNDSTAR RESOURCES LIMITED ANNOUNCES
RE-PRICING OF GRANTED INCENTIVE STOCK OPTIONS
Kam Fard, President and Chief Executive Officer of Groundstar Resources Limited ("Groundstar") is pleased to announce that, subject to TSX Venture Exchange approval, Groundstar has amended the exercise price of the 1,980,000 incentive stock options to certain officers, directors, employees and consultants of Groundstar pursuant to its Stock Option Plan, which was announced in the News Release of August 26. These options will be exercisable at a price of $0.10 per share, fully vested by August 26, 2012 and will expire on August 26, 2016.
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
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES
