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


Groundstar Resources Limited (TSX VENTURE:GSA) is pleased to announce that the
operator, Aegean Energy Egypt Limited, a subsidiary of Energean Oil and Gas, has
entered the second Exploration Extension in West Kom Ombo, with an exploration
period of 3 years ending September 16, 2014. Groundstar has a 10% working
interest in this block that is carried by Aegean.


A high resolution aeromagnetic survey over the entire concession is scheduled to
commence shortly. The purpose of this survey is to identify potential
prospective areas in this vast concession. Based on the aeromagnetic survey
results, a 2D seismic program will be embarked upon, to identify exploration
drilling targets for this period. The minimum work commitment for this phase is
drilling of 2 exploration wells with a total financial commitment of US$5.00
million.


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.


About Energean Oil & Gas 

Energean Oil & Gas is a private international upstream oil and gas exploration
and production company with a Mediterranean and North African Basin focus with
oil and gas operated assets in Greece and Egypt. Energean Oil & Gas operates the
offshore East Magawish concession in the Gulf of Suez and is the operator of
West Kom Ombo Block. For further information about Energean Oil & Gas please
visit www.energean.com.


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.
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