Groundstar Resources Names New CFO

Groundstar Resources' board of directors has appointed Darryl Raymaker, Q.C. to the office of Chief Financial Officer of the Company. Kam Fard, Chairman of the Board and CEO said that he was delighted to have a person of Mr. Raymaker's business and professional stature assume the office. Mr. Fard said, "Mr. Raymaker has been an outstanding director of the Company and is very knowledgeable about all of our operations. He also has a wealth of professional and business experience, an impeccable reputation for integrity, and has sat on the boards of several corporations including First Calgary Petroleum Limited and the Canada Deposit Insurance Corporation."

Mr. Raymaker has practiced law in the City of Calgary for over 40 years and has served on a number of volunteer boards including as Chairman of the City of Calgary Police Commission. Mr. Raymaker has served on the Company's board of directors since August 18, 2005 and as Audit Committee Chairman since January 25, 2008.


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