GreenStar Announces Delay in Filing Annual Financial Statements, Director Resignation and Q1 2014 Dividend Payment

GreenStar Agricultural Corporation (TSX VENTURE:GRE) (the "Company" or
"GreenStar"), a processor of agricultural products such as canned fruits and
vegetables for distribution to international and domestic markets, announced
today that the filing of its annual financial statements, management's
discussion and analysis and the related officer certifications for the financial
year ended December 31, 2013 (collectively, the "Annual Filings") will be
delayed beyond the filing deadline of April 30, 2014. The Company's auditors
have advised that they will not be able to complete all their audit procedures
and render an audit opinion by the filing deadline.


As a result of this delay, the Company intends to make an application to the
Ontario Securities Commission and other relevant securities regulatory
authorities under applicable securities legislation for the issuance of a
management and insider cease trade order ("MCTO") in connection with the
anticipated filing delay. If an MCTO is granted, it will prohibit the Chief
Executive Officer and Chief Financial Officer, and likely the directors and
other insiders of the Company, from trading in securities of the Company for so
long as the Annual Filings have not been completed. The issuance of an MCTO
would generally not affect the ability of persons who are not, or who have not
been, directors, officers or other insiders of the Company to trade in the
Company's securities.


The Company also announced Conor Bill's resignation from the Board, due to his
increased work load and competing pressures on his time. The Board wishes to
thank Mr. Bill for his valuable contribution to the Company during his tenure as
a director and wishes him well in his future endeavours. Mr. Bob Guo, a director
of the Company, will temporality replace Mr. Bill as an interim member of the
Company's audit committee.


The Company also announced that its quarterly dividend of $0.015/share payable
in respect of the first quarter of 2014 will be paid as previously disclosed in
the news releases dated March 4 and 5, 2014 and will be paid to all eligible
shareholders as scheduled, on April 30, 2014.


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, the Company's intention to file the application for the MCTO, the Company's
expectation on whether the MCTO will be granted and the expected terms and
effects of the MCTO if granted, management's expectation to make the Annual
Filings, and management's plan to make the Q1 2014 dividend payment and timing
for such dividend payment. 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 Corp.
Robert Macdonald
(416) 849 3858
rgam36@gmail.com
www.greenstaragricultural.com


Investor Cubed Inc.
(647) 258-3311 or (888) 258-3323
info@investor3.ca
Greenstar Agricultural Corp (TSXV:GRE)
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