Groundstar Resources Limited announced that it has executed a loan agreement with a private Alberta-based lender which will provide for the Company to borrow an amount of up to CAD 250,000 to fund its general working capital requirements and to further operations on its properties. The Loan Agreement provides that the funds advanced shall be repayable over a term of twelve months, starting on December 15, 2016, subject to an extension of an additional twelve months with the consent of the Lender. In consideration of the loan amounts provided under the Loan Agreement, the Company shall pay interest in the amount of 10% per annum on all amounts borrowed. In addition, pursuant to the Loan Agreement, the Company will be providing security in all of its assets to the Lender as collateral for the loan pursuant to a general security agreement. The Company anticipates servicing the amounts owing under the Loan Agreement through revenue generated by its operating activities.