Groundsar Resources Ltd

International exploration and production of Oil & Gas.

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AGORACOM NEWS FLASH

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

Message: Announces Granting of Incentive Stock Options

Announces Granting of Incentive Stock Options

posted on May 30, 2009 01:45AM
May 29, 2009
Groundstar Resources Limited Announces Granting of Incentive Stock Options
CALGARY, ALBERTA--(Marketwire - May 29, 2009) -

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

Kam Fard, President and Chief Executive Officer of Groundstar Resources Limited ("Groundstar") (TSX VENTURE:GSA) is pleased to announce that, subject to TSX Venture Exchange approval, Groundstar has today granted 975,000 incentive stock options to certain officers, directors, employees and consultants of Groundstar pursuant to its Stock Option Plan. These options will be exercisable at a price of $0.45 per share, fully vested by May 28, 2011 and will expire on May 28, 2014.

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