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Market Wire

Star Extends Term and Reprices Warrants

November 15, 2012

TORONTO, ONTARIO--(Marketwire - Nov. 15, 2012) - Star Navigation Systems Group Ltd. (TSX VENTURE:SNA) ("Star" or the "Company") is pleased to announce that it has applied to the TSX Venture Exchange (the "Exchange") for approval of the extension of the term of certain common share purchase warrants and the repricing of others. If accepted by the Exchange, the terms of the common share purchase warrants shall be as follows:

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