GRE Greenstar Agricultural Corp

GreenStar Agricultural Corporation (TSX VENTURE:GRE) ("GreenStar" or the
"Company") reports that further to the temporary order issued by the Director of
the Corporate Finance Branch of the Ontario Securities Commission (the
"Director") on June 3, 2014 cease trading the common shares of the Company,
which order was to expire fifteen days after its issuance, on June 16, 2014 the
Director issued a further order cease trading the common shares of the Company
(the "CTO") until further order of the Director. As with the June 3, 2014 order,
the CTO was issued as a result of the delay in filing the Company's audited
financial statements for the year ended December 31, 2013, unaudited interim
financial statements of the Company for the three month period ended March 31,
2014, accompanying management's discussion and analysis, and related CEO and CFO
certifications, as required by Ontario securities law (the "Required Filings").
As a result of the June 3, 2014 order, the TSX Venture Exchange (the "TSX-V")
suspended trading of the Company's common shares until such time as it accepts a
reinstatement application by the Company. In addition, the Executive Director of
the British Columbia Securities Commission also issued a cease trade order dated
June 4, 2014 which order also remains in effect until revoked by the Executive
Director.


The Company is working diligently to resolve all outstanding issues in the
audit. As previously announced, the Company's legal counsel and CFO visited
Pucheng on June 6 and 7, 2014, and confirmed certain circumstances at the
Company reported by the CEO and confirmed the process initiated by the Company
to replace the finance chop. The Company expects to receive a new finance chop
on June 19, 2014. With the new finance chop, the Company's audit committee plans
to complete certain verification procedures at the banks and the tax bureaus.
Following such verification, the auditors should be able to resume and complete
their audit work. 


The Company will fully cooperate with the auditors to facilitate their audit
process, so that they can complete the audit as soon as possible. Once the
Required Filings are made, the Company intends to apply to the OSC and other
securities regulators for a full revocation of the CTO. Upon the revocation of
the CTO, the Company will submit a reinstatement application to the TSX-V. 


A copy of the CTO can be found at the Company's website at
www.greenstaragricultural.com.


About GreenStar 

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 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 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
Company 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, but is not limited to but is not
limited to, management's expectation on receiving the new finance chop and the
anticipated date for receiving the chop, management's expectation that
verification at the banks and the tax bureaus will be made by the audit
committee; management's expectation that auditors will resume and complete the
audit work; management's expectation on making the Required Filings, and
management's plan to make application to revoke the CTO and management's
intention to apply to restate the trading on the TSXV. Forward-looking
information involves known and unknown risks, uncertainties and other factors
that may cause actual results or events to differ materially from those
anticipated in such forward-looking information. The Company believes the
expectations reflected in the forward-looking information are reasonable but no
assurance can be given that these expectations will prove to be correct and
readers are cautioned not to place undue reliance on forward-looking information
contained in this press release. Some of the risks and other factors which could
cause results to differ materially from those expressed in the forward-looking
information contained in this press release include, but are not limited to:
international, national and local business and economic conditions; political or
economic instability in the Company's markets; competition; legislation and
governmental regulation; and accounting policies and practices. The foregoing
list of factors is not exhaustive. Please see the Company's annual MD&A dated
April 25, 2013, available on www.sedar.com, for a more detailed description of
the risk factors. The Company 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


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

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