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Groundstar Resources Provides Drilling Update on Kurdistan, Iraq Operations

CALGARY, ALBERTA--(Marketwire - Jan. 14, 2011) -

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Groundstar Resources Limited (TSX VENTURE:GSA) ("Groundstar" or the "Company") is pleased to provide the following update on the drilling progress of the Qara Dagh - 1 exploration well in Kurdistan, Iraq.

Since the last update on December 13, 2010 the well has drilled to 2,522 meters. Over the past several days, an intermediate 9 5/8 inch casing string has been set prior to drilling ahead.

Based on regional geology and correlation with other wells in the area, and in addition to other well parameters, the operator, Niko Resources, has identified the top of the Cretaceous Shiranish formation. The Shiranish formation is the first of three primary drilling targets in the Cretaceous section and drilling continues.

The Qara Dagh Block is located in the prolific Zagros foldbelt that extends from southern Turkey across northern Iraq and into southwest Iran, which contain giant and supergiant accumulations of hydrocarbons. The large surface structure on the block known as Qara Dagh is a prominent anticline that rises as high as 600 meters above adjacent valley floors. This block, which is 65 kilometers by 5 kilometers, is located 60 kilometers southeast of the Taq Taq oilfield and 60 kilometers east of the giant Kirkuk oilfield, and is adjacent to a Heritage block with a recent oil discovery. Groundstar has a 6% beneficial interest in the Qara Dagh Block.

About Groundstar Resources Limited


Vast Exploration Inc. Provides Drilling Update on Kurdistan Operations
marketwire

CALGARY, ALBERTA--(Marketwire - Jan. 14, 2011) - Vast Exploration Inc. ("Vast" or the "Company") (TSX VENTURE:VST - News) is pleased to provide the following update on the drilling progress of the Qara Dagh - 1 Exploration Well.

Since the last update on December 13, 2010 the well has been drilled down to 2,522 meters, and over the past several days, an intermediate 9 5/8 inch casing string has been successfully set and cemented.

Based on regional geological correlations with nearby wells it has been interpreted that the well is near the top of the Shiranish formation which is the first of three primary drilling targets in the Cretaceous.

Once logging and related geological survey runs are completed on this current section, drilling operations are expected to resume. Mr. Ahmed Said, President & CEO, stated "We are pleased with the recent drilling progress, despite past delays due to difficult geological conditions. We are eagerly awaiting further results as we drill into our primary targets".

About Vast Exploration