GRE Greenstar Agricultural Corp

GreenStar Agricultural Corporation (TSX VENTURE:GRE) (the "Company" or
"GreenStar"), is pleased to announce that the Company has paid its quarterly
dividend of $0.015/share in respect of the first quarter of 2014. This dividend
payment is the fifth consecutive quarterly dividend payment made by the
GreenStar and represents an increase of 50% over the previous dividend payments.


GreenStar also wishes to provide additional background with respect to the news
release issued on April 28, 2014 and the Company's application for the issuance
of a management and insider cease trade order ("MCTO"). GreenStar voluntarily
made an application to the securities commissions of Ontario, British Columbia
and Alberta for a MCTO once management became reasonably certain that the
Company's audited annual financial statements for the fiscal year ended December
31, 2013 and related Management's Discussion & Analysis, and CEO and CFO
certification of filings (collectively, the "Annual Filings") would be delayed.


Mr. Guan Lianyun, GreenStar's CEO commented, "GreenStar management continues to
work with the Company's auditors and is placing their highest priority on
completing the Annual Filings and will provide further updates as soon as
information is available. We are confident we will be successful in completing
the audit in short order and are looking forward to continuing our efforts to
absorb our Bei Chen acquisition and continue our efforts to grow."


In respect of the MCTO, the Ontario Securities Commission ("OSC"). the principal
regulator of the Company, issued a Temporary MCTO yesterday, which imposes
restrictions on all trading in and all acquisitions of securities of the
Company, whether direct or indirect, by the Chief Executive Officer and the
Chief Financial Officer of the Company for a period of 15 days. The Temporary
MCTO will not affect the ability of persons who are not insiders of GreenStar to
trade its securities. The OSC has given notice of a hearing to be held on within
15 days of the Temporary MCTO for the purposes of making the Temporary MCTO
permanent (which is expected to continue to only restrict management and
insiders in the trading of securities) if the Company has not remedied the
default in filing the Annual Filings. GreenStar intends to satisfy the
provisions of the Alternative Information Guidelines as set out in National
Policy 12 - 203 for as long as GreenStar remains in default, including the
issuance of further by-weekly default status reports, each of which will be
issued in the form of a press release. A general cease trade order may be issued
if GreenStar fails to file such default status reports on a timely basis. The
Company is working diligently to ensure that its Annual Filings are brought up
to date well before a general cease trade order would be applicable.


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 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 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 whether a permanent MCTO
will be granted and the expected terms and effects of the permanent MCTO if
granted, management's intention to provide further updates as soon as
information is available, management's intention to comply with the Alternative
Information Guidelines, management's expectation that it will be successful in
completing the audit in short order, management's plan to continue the efforts
to absorb the Bei Chen acquisition and continue its efforts to grow; and
management's expectation that the Annual Filings will be brought up to date well
before a general cease trade order would be applicable.. 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:
risk of regulatory authorities not granting the MCTO, risk of the terms of the
MCTO being different from anticipated, 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
www.greenstaragricultural.com


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

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