GRE Greenstar Agricultural Corp

GreenStar Agricultural Corporation (TSX VENTURE:GRE) ("GreenStar" or the
"Corporation"), a producer of canned tomato paste, canned peaches, mandarin
oranges and grapes, and a supplier of fresh mandarin oranges, young bamboo
shoots and mature bamboo, today announced that after satisfactory completion of
its due diligence it will close the previously announced acquisition of Beichen
Tomato Products Company of Bayannur City, Inner Mongolia on January 1, 2014. The
purchase price of CDN$4.2 Million (RMB25 Million) is to be paid in cash from
GreenStar's treasury. As part of the due diligence process, three independent
Canadian directors of GreenStar visited the Beichen facility during the week of
December 9, 2013. Commenting on the acquisition, Mr. Conor Bill, an independent
Canadian director of GreenStar, said, "After our inspection tour, we are
satisfied that the acquisition of the Beichen operations will be complimentary
and accretive to GreenStar's current business and will assist GreenStar in its
plans to become a vertically integrated producer of tomato based products, while
significantly increasing its tomato paste production capacity, which last year
represented 55% of GreenStar's revenues."


GreenStar also announced that it has entered into negotiations to acquire a
Canadian based importer and distributor of food products which has annual
revenues of approximately CDN$50 Million. Commenting on the proposed
transaction, Mr. Robert Macdonald, GreenStar's Manager of Business Development,
stated, "This potential acquisition reflects GreenStar's strong determination to
enter the North American food industry and establish a market for its products
on this continent. Acquiring a Canadian food distribution operation would
provide GreenStar with a unique platform for its operations in Canada. While we
are confident that a mutually beneficial transaction can be structured, there is
currently no assurance that any transaction will be consummated."


About GreenStar Agricultural Corporation

GreenStar operates two main divisions, agricultural and food processing. The
agricultural division is involved in the cultivation and harvesting of
agricultural products such as fresh fruit and vegetables, for sale either
directly as fresh fruit and vegetables or canned, and sold overseas and
domestically. The food processing division is primarily involved in the
processing of canned food, which includes canned tomato paste, canned boiled
bamboo shoots, canned oranges, canned peaches and various other types of fruits
and vegetables.


GreenStar has been operating for over 19 years. Through the application of
science and technology in production, quality control and assurance, and
business operations and management, GreenStar has focused on maintaining product
and reputational excellence with a high standard of food quality. Key assets
include a well established management team, modern production facilities, and a
close partnership with local farmers. 


GreenStar Agricultural Corp. is listed on the TSX Venture Exchange under the
symbol "GRE".


For further information on GreenStar please visit our web site at
www.greenstaragricultural.com.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


Caution Regarding Forward-Looking Information:

Certain statements in this press release may constitute "forward looking"
statements which involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the
Corporation to be materially different from any future results, performance or
achievements expressed or implied by such forward looking statements. 


When used in this press release, such statements may use such words as "may",
"will", "expect", "believe", "plan" and other similar terminology. These
statements reflect management's current expectations regarding future events and
operating performance and speak only as of the date of this press release.
Forward looking information in this press release includes management's
expectation of closing the Beichen acquisition, expected closing date and
expected payment of purchase price; management's belief that Beichen operations
will be complimentary and accretive to GreenStar's current business, that
Beichen will assist GreenStar in its plans to become a vertically integrated
producer of tomato based products, and that Beichen operation will allow the
Corporation to significantly increasing its tomato paste production capacity;
management's expectation to enter the North American food industry and establish
a market for its products on this continent, management's belief that acquiring
a Canadian food distribution operation would provide Greenstar with a unique
platform for its operations in Canada and management's belief that a mutually
beneficial transaction can be structured. These forward looking statements
involve a number of risks and uncertainties. Some of the factors that could
cause actual results to differ materially from those expressed in or underlying
such forward looking statements are the effects of, as well as risks inherent to
negotiations between parties, risk of parties not reaching an agreement or
breaching an agreement, risk of regulatory approval not being obtained, changes
in: international, national and local business and economic conditions;
political or economic instability in the Corporation's markets; competition;
legislation and governmental regulation; and accounting policies and practices.
The foregoing list of factors is not exhaustive. Please see the Corporation's
annual MD&A dated April 25, 2013, available on www.sedar.com, for a more
detailed description of the risk factors. The Corporation undertakes no
obligation to update publicly or revise any forward looking information, whether
a result of new information, future results or otherwise, except as required by
law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
GreenStar Agricultural Corporation
Robert Macdonald
(416) 849 3858
rgam36@gmail.com
www.greenstaragricultural.com


Investor Cubed Inc.
(647) 258-3311, (888) 258-3323
info@investor3.ca

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