Summary of BLUESTAR FINANCIAL GROUP, INC.

Item 5.02. Departure of Directors or Certain Officers: Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers .

On October 29, 2009, BlueStar Financial Group, Inc., ("BSFG") announced that the Company has hired Richard A. Papworth to replace Paul Voorhees as Chief Executive Officer and was appointed to the board of directors. Mr. Papworth was hired to roll out a re-positioned growth and acquisition strategy focused on the Green Tech and e-Waste sector. He will also facilitate the relocation of BSFG's offices from Richland, Washington to Scottsdale, Arizona.

On October 27, 2009, the board appointed Jeffrey Rassas as Chairman of the board of directors.

Forward Looking Statements

The statements contained in this Form 8-K regarding (1) the Company's change in management and (2) the change in the Company's address are forward-looking statements and are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to risks and uncertainties. We wish to advise readers that a number of important factors could cause actual results to differ materially from historical results or those anticipated in such forward-looking statements. These and other factors that could cause actual results to differ materially from those anticipated are discussed in more detail in the Company's periodic and current filings with the Securities and Exchange Commission, including the Company's Form 10-K for the fiscal year ended June 30, 2009, and future filings with the SEC. These forward-looking statements speak only as of the date on which such statements are made, and the Company undertakes no obligation to update such statements to reflect events or circumstances arising after such date.