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Aug 4, 2017 - Star Navigation Announces Shares for Debt Transaction

TORONTO, Aug. 04, 2017 (GLOBE NEWSWIRE) -- Star Navigation Systems Group
Ltd. (CSE:SNA) (CSE:SNA.CN) (OTCBB:SNAVF) ("Star" or the "Company”) announced
today that it has agreed to settle outstanding indebtedness of $2,186,689 (the “Debt”)

TORONTO, Aug. 04, 2017 (GLOBE NEWSWIRE) -- Star Navigation Systems Group
Ltd. (CSE:SNA) (CSE:SNA.CN) (OTCBB:SNAVF) ("Star" or the "Company”) announced
today that it has agreed to settle outstanding indebtedness of $2,186,689 (the “Debt”)
through the issuance of 27,333,615 common shares of the Corporation, at a deemed
price of $0.08 per common share (the “Debt Settlement”). The deemed price was
protected by a price reservation granted by the Canadian Securities Exchange July 13,
2017.
 
The common shares issued in connection with the Debt Settlement are subject to a four
month hold period from date of issue.
This transaction reduces the Company’s current liabilities and significantly improves its
working capital ratio.


Jun 16, 2017 - Star Navigation Announces Exercise of Warrants

TORONTO, June 15, 2017 (GLOBE NEWSWIRE) -- Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN) (OTCBB:SNAVF) ("Star" or the "Company"), announces that a total of 8,795,000 warrants to purchase common shares of the Company have been exercised at a price of C$0.06 per common share up to June 11, 2017, resulting in proceeds to the Company of C$527,700.

TORONTO, June 15, 2017 (GLOBE NEWSWIRE) -- Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN) (OTCBB:SNAVF) ("Star" or the "Company"), announces that a total of 8,795,000 warrants to purchase common shares of the Company have been exercised at a price of C$0.06 per common share up to June 11, 2017, resulting in proceeds to the Company of C$527,700.

The warrants were originally issued during June, 2015, through a private placement of 16,140,000 units, with each unit consisting of one (1) share of common stock and one (1) warrant to purchase one (1) share of common stock. 8,070,000 of the warrants, plus 725,000 Finder’s Fee warrants were exercisable to purchase one (1) common share at $0.06, with the remaining 8,070,000 being exercisable, as amended, to purchase one (1) common share at $0.09. The latter warrants expire September 11, 2017.

Viraf S. Kapadia, Chairman and CEO of Star said:

“The exercise of warrants by these shareholders provides a strong vote of confidence in Star, and increases our resources as we continue to reorganize our sales program and maintain our commitment to our R&D partners and to our customers.”

About Star Navigation:

Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S. ® System. Its real-time capability of tracking performance trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator. Star’s MMI Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “expected” and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements. Such statements reflect Star’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star’s actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements, except as required by law. Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

Please visit www.star-navigation.com or
Jean-Louis Larmor, (416) 252-2889 Ext. 221
Jean-louis.larmor@star-navigation.com
Gold Feather Marketing Group
Attn.: Anahadjeet Garewal (647) 409-3434
info@goldfeathermarketing.com


Jun 1, 2017 - Star Navigation Announces Share Lock-up Agreement

Toronto, June 8, 2017 - Star Navigation Systems Group Ltd. (CSE: SNA) ("Star" or the "Company"), announces that certain major shareholders, including all directors and management of the Company, have entered into a formal strategic Voluntary Lock-Up Agreement in respect of over 30 % (120 million) of the issued and outstanding common shares of the Company, effective immediately.

Toronto, June 8, 2017 - Star Navigation Systems Group Ltd. (CSE: SNA) ("Star" or the "Company"), announces that certain major shareholders, including all directors and management of the Company, have entered into a formal strategic Voluntary Lock-Up Agreement in respect of over 30 % (120 million) of the issued and outstanding common shares of the Company, effective immediately.

The Voluntary Lock-Up Agreement stipulates that these shareholders shall not offer to sell, transfer, assign, pledge or hypothecate these common shares or any beneficial interest in them, or enter into any transaction to such effect, directly or indirectly, on or before October 6, 2017.

Star’s CEO, Viraf Kapadia, said,

"These directors and major shareholders of the Company have reconfirmed their long-term belief in Star's management, its vision and and its ability to increase shareholder value. "

About Star Navigation:

Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S. ® System. Its real-time capability of tracking performance trends and predicting incidentoccurrence enhances aviation safety and improves fleet management while reducing costs for the operator.

Star’s MMI Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “expected” and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements. Such statements reflect Star’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star’s actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as 2 intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements, except as required by law. Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

Please visit www.star-navigation.com or
Jean-Louis Larmor, (416) 252-2889 Ext. 221
Jean-louis.larmor@star-navigation.com
Gold Feather Marketing Group
Attn.: Anahadjeet Garewal (647) 409-3434
info@goldfeathermarketing.com


May 26, 2017 - MMI Update

TORONTO, May 24, 2017 (GLOBE NEWSWIRE) -- Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN) (OTCBB:SNAVF) ("Star" or the "Company"), is pleased to provide a further update on its STAR-M.M.I. ™ (“MMI”) activities.

TORONTO, May 24, 2017 (GLOBE NEWSWIRE) -- Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN) (OTCBB:SNAVF) ("Star" or the "Company"), is pleased to provide a further update on its STAR-M.M.I. ™ (“MMI”) activities.

As released earlier (see Press Release re Multi-year Agreement April 20, 2017), MMI continues to benefit from good relationships that it has developed over the past few years with several major aerospace companies. Since 2014, MMI has developed, produced and maintained high end displays under ad-hoc purchase agreements. These displays are primarily deployed worldwide in military applications such as the U.S. Navy’s P-3 Orion program, but are also utilized in civilian aircraft and helicopter retrofits.

Jean-Louis Larmor, Star’s COO said:
“In addition to the recent multi-year agreement for repairs and maintenance of MMI legacy displays, refurbishment orders have been received from Northrop Grumman Italy, and another US customer, Blue Aerospace. These ongoing contracts with large multi-national corporations support Star’s forward planning from both a revenue and resource allocation standpoint. Last week, an additional Display build contract from a long standing Japanese customer, Jepico Corporation, was received for its customer, Fujitsu. Although no long-term agreement is in place with Jepico, it has been a customer on a piece by piece basis since 2014.”

Based on past order volumes, and current pricing, projected total revenue from the maintenance agreements, the new build orders and the new STAR-M.M.I. ™ displays business is projected to reach approximately C$910,000 for CY 2017, with net income (total MMI revenues – cost of labour, parts, rent and depreciation) of approximately C$544,000.

Historically, net income from MMI activities was C$ 237,537 for CY 2014, C$ 185,268 for CY 2015 and C$ 135,950 for CY 2016. The 2016 year was adversely impacted by the suspension of repair activities by our largest customer during the contract renegotiation period. Those activities have now resumed and are subject to a negotiated price increase.

Jean-Louis Larmor, continued:

“Star has two lines of activities, STAR-M.M.I. ™ and STAR- A.D.S. ®. The STAR-M.M.I. ™ business utilizes our engineering expertise in avionics. Its historical performance and projected revenue numbers improve Star’s position as a whole. However, our attention is primarily focused on developing and improving the STAR-A.D.S. ® activities, which continue to generate negative income for the Company as a whole. In order for it to become our main source of revenue and achieve widespread industry acceptance, additional sales are required.”

About Star Navigation:

Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented Inflight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S. ® System. Its real-time capability of tracking performance trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator. Star’s MMI Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “expected” and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements. Such statements reflect Star’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star’s actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements, except as required by law.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

Please visit www.star-navigation.com
Jean-Louis Larmor, (416) 252-2889 Ext. 221
Jean-louis.larmor@star-navigation.com
Gold Feather Marketing Group
Attn.: Anahadjeet Garewal (647) 409-3434
info@goldfeathermarketing.com


May 26, 2017 - Warrant Amendment

TORONTO, May 25, 2017 (GLOBE NEWSWIRE) -- Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN) (OTCBB:SNAVF) ("Star" or the "Company"), is pleased to announce that it has extended the term of, and repriced 8,070,000

TORONTO, May 25, 2017 (GLOBE NEWSWIRE) -- Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN) (OTCBB:SNAVF) ("Star" or the "Company"), is pleased to announce that it has extended the term of, and repriced 8,070,000 common share purchase warrants ( the “Warrants”) issued pursuant to a private placement announced April 30, 2015. The Warrants, originally due to expire June 11, 2017 carried an exercise price of $0.12.
Each Warrant will now entitle the holder thereof to purchase one common share of Star at an exercise price of $0.09. The new expiry date of the Warrants will be September 11, 2017.

About Star Navigation:

Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented Inflight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S. ® System. Its real-time capability of tracking performance trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator.

Star’s MMI Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “expected” and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements. Such statements reflect Star’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star’s actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements, except as required by law.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

Please visit www.star-navigation.com
Jean-Louis Larmor, (416) 252-2889 Ext. 221
Jean-louis.larmor@star-navigation.com
Gold Feather Marketing Group
Attn.: Anahadjeet Garewal (647) 409-3434
info@goldfeathermarketing.com



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