Star Navigation files restated Management Discussion and Analysis



    TSX Venture Exchange Symbol: SNA

    TORONTO, July 15 /CNW/ - Star Navigation Systems Group Ltd. (TSX-V: SNA)
("Star" or the "Company") announces that it has filed restated Management
Discussion and Analysis's ("MD&A's") for the periods ending June 30, 2007,
September 30, 2007 and December 31, 2007. The re-filing of the MD&A's for the
periods does not change the financial statements filed by the Company. The
re-filing of the MD&A's was undertaken at the request of the Ontario
Securities Commission (the "OSC") after completion by the OSC of a continuous
disclosure review of the Company's filings. The restated MD&A's more fully
comply with disclosure requirements including expanded discussion of the
Company's plans, the status of major projects, the transition of the Company
to revenue generating operation, working capital requirements, and risks and
uncertainties.

    About Star Navigation : Star Navigation Systems Group Ltd.
(www.star-navigation.com) owns the exclusive worldwide license to its
proprietary, patented In-flight Safety Monitoring System, the first system in
the world to feature in-flight data-analysis, monitoring and diagnostics with
a real-time connection between aircraft and ground. 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.

    Certain statements contained in this News Release constitute
forward-looking statements. When used in this document, the words "may",
"would", "could", "will" 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.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the content of this news
    release.

    %SEDAR: 00009078E




For further information:

For further information: Corporate Inquiries, www.star-navigation.com,
Viraf Kapadia, CEO, e-mail: viraf.kapadia@star-navigation.com; Investor
Relations, AGORACOM Investor Relations, SNA@agoracom.com, 
http://www.agoracom.com/IR/StarNavigation

Organization Profile

STAR NAVIGATION SYSTEMS GROUP LTD.

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