GRE Greenstar Agricultural Corp

GreenStar Agricultural Corporation  (TSX VENTURE:GRE) (the "Company" or
"GreenStar"), announced that a management cease trade order ("MCTO") has been
ordered by the Ontario Securities Commission ("OSC") as principal regulator
following a hearing held on May 16, 2014. 


The hearing was held by the OSC as a result of GreenStar's April 28 and May 6,
20142 announcements that it would be late in filing its 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"), following the issuance by the OSC of a temporary
management cease trade order on May 5, 2014. 


The MCTO restricts all trading in and all acquisitions of the securities of the
Company, whether direct or indirect, by the Chief Executive Officer and the
Chief Financial Officer of the Company until two full business days following
the receipt by the OSC of all Annual Filings. The MCTO will not affect the
ability of persons who are not insiders of GreenStar to trade its securities.


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 delay in filing was the result of GreenStar having received notice from its
auditors that they were not able to provide an audit opinion by the filing
deadline. GreenStar's audit committee has been following up with the auditors
and the Chinese management to complete the audit and in doing so, has identified
certain corporate governance and administrative deficiencies which contributed
to the delay in the audit. The board of directors views these matters very
seriously, and is taking steps to improve corporate governance oversight and to
resolve all outstanding issues with the audit. The audit committee continues to
try and resolve this matter with Mr. Guan Lianyun, President and CEO of the
Company, and the audit committee believes that Mr. Guan is working to resolve
this situation, but there can be no assurance of success. 


A copy of the MCTO 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 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 make the Annual Filings,
management's intention to comply with the Alternative Information Guidelines,
and management's expectation that it will be remediate the corporate governance
deficiencies and resolve all outstanding audit issues. 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 or (888) 258-3323
info@investor3.ca

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