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Groundstar Resources Limited Announces Resignation of John Van Der Welle from the company's Board of Directors

GROUNDSTAR RESOURCES LIMITED
Suite 1650, 717 7th Ave. S.W., Calgary, Alberta, T2P 0Z3

Telephone: (403) 265-2549
Facsimile: (403) 265-2558

NEWS RELEASE
June 29 2012

Groundstar Resources Limited Announces Resignation of John Van Der Welle from the company's Board of Directors

Kam Fard, President and Chief Executive Officer of Groundstar Resources Limited (TSX VENTURE: GSA) wishes to announce the resignation of John Van Der Welle from the company's board of directors.

Upon accepting Mr. Van Der Welle's resignation Mr. Fard said "I wish to thank Mr. Van Der Welle for his tremendous contribution to Groundstar over the past four years. I am personally gratified for his unwavering loyalty and support throughout the years of service on our board. The officers and directors of Groundstar wish him every success in his future endeavors."

About Groundstar Resources Limited

Groundstar is a publicly traded Canadian junior oil and gas company actively pursuing exploration opportunities in Guyana, North Africa and the Middle East.

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 release.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Contact Information:

Kam Fard
President & CEO
(403) 265-2549
kfard@groundstarresources.com

David Johnson
Corporate Secretary
(403) 265-2549

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

This press release may contain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, anticipations, expectations, opinions, forecasts, projections, guidance or other similar statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses and health, safety and environmental risks), commodity price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES



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2900 First Canadian Center
350 - 7th Ave. SW
Calgary, Alberta   Canada   T2P 3N9
T: (403) 668-5547
F: (403) 265-2335
email: info@groundstarresources.com
web: www.groundstarresources.com