GRE Greenstar Agricultural Corp

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION BY ANY UNITED
STATES NEWS DISTRIBUTION


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, is pleased to announce that on January 10, 2014 it
closed the first tranche of the non-brokered private placement first announced
on December 23, 2013 (the "Offering") pursuant to which it issued 1,643,441
units ("Units") at a price of $0.85 per Unit for gross proceeds of $1,396,925.
Each Unit comprises one common share and one common share purchase warrant
("Warrant"), with each warrant entitling the holder to purchase one additional
common share of the Corporation at a price of $1.15 until January 10, 2016. The
Corporation may raise additional funds, up to the announced total of $6 million
in one or more additional tranches. 


Of the gross proceeds of $1,396,925, $300,000 or 21.5% of the first tranche was
subscribed for by Mr. Guan Lianyun, GreenStar's Chairman and CEO, and $34,255,
or 2.5% of the first tranche by two other directors of GreenStar.


A finder's fee of 8% ($56,066.00) was paid to Pope & Company Limited, an arms
length finder (the "Finder") with respect to 824,500 Units sold. In addition,
the Finder received 8% finder's options to purchase 65,960 units at $0.85 per
unit at any time prior to January 10, 2016, with each unit consisting of one
common share and one common share purchase warrant, with each warrant entitling
the holder to purchase one additional common share at $1.15 per share at any
time prior to January 10, 2016.


All securities issued are subject to a four month resale restriction period
expiring May 11, 2014.


The Corporation intends to use the net proceeds of the Offering to for expansion
of the Pucheng tomato paste processing operations to accommodate the expected
increased tomato pulp supply from the acquisition of Bayannur City Beichen
Tomato Products Co., Ltd., an Inner Mongolia based tomato pulp producer, as
previously described in the Company's press releases dated December 23, 2013 and
January 6, 2014 and for general corporate purposes.


All currency references are in Canadian dollars.

This news release is not for distribution to United States newswire services or
for dissemination in the United States. The securities offered have not been
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements.


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 the statement that
the Company may complete further tranches of the private placement and the
expected use of proceeds. 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 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 or (888) 258-3323
info@investor3.ca

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