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CALGARY, Alberta, Jan. 03, 2018 (GLOBE NEWSWIRE) -- Groundstar Resources Limited (TSXV:GSA) (the “Company”) is pleased to announce that it has filed its interim financial statements and accompanying management’s discussion and analysis for the period ended October 31, 2017. These statements can be found under the Company’s profile on SEDAR at www.sedar.com. The Company also announces the resignation of Murray Stodalka as acting Chief Financial Officer of the Company. In addition, the Company announces the closing of its previously announced financing, raising gross proceeds of $20,000 for the uses indicated in its October 24, 2017 news release.

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.

Contact Information:
Groundstar Resources Limited, 430, 440– 2nd Avenue SW, Calgary, AB T2P 5E9

www.groundstarresources.com

Tyron Pfeifer
403.614.9902
tpfeifer@groundstarresources.com

Stephen Hughes
587.580.9344
shughes@groundstarresources.com

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.