GX Guardian Exploration Inc

Guardian Exploration Inc. ("Guardian" or the "Company") (TSX VENTURE:GX), is
pleased to report that its partner has flow tested a new pool light oil
discovery in the Girouxville area of Alberta. The well swab tested at rates in
excess of 250 B.O.P.D, light sweet oil with no water within a 12 hour test
period.


The well has been brought on production at Energy Resources Conservation Board
(ERCB) - restricted rates of approximately 150 barrels per day. Under the terms
of the agreement Guardian has paid 80% to earn a 55% working interest in the
well. This is the second well drilled in a 14 well rolling option program.


The first well in the program was put on production in January and continues to
produce at (ERCB-restricted rates) of approximately 125 bopd. The well is now
pipelined into the area battery.


Production will be increased upon the approval of Good Production Practice by
the ERCB. It is anticipated that this approval will be received in the near
future.


Graydon Kowal, President and Chief Executive Officer of Guardian, commented, "We
have been exceedingly pleased with the operational efficiency of our partner and
it's very satisfying to have drilled such a great well ahead of schedule and
cost effectively. Our goal is to keep moving forward and to drill more of the
locations that are in the agreement with our partner. The success of this new
well accelerates the Company's exploration program targeting new pool light oil
discoveries."


Guardian is a Calgary-based corporation engaged in the acquisition, exploration
and development of resource properties. Common shares of the company trade on
the TSX Venture Exchange under the trading symbol "GX".


The term barrels of oil equivalent ("BOE") may be misleading, particularly if
used in isolation. In accordance with NI 51-101, a BOE conversion ratio of six
thousand cubic feet per barrel (6mcf/bbl) of natural gas to barrels of oil
equivalence is based on an energy equivalency conversion method primarily
applicable at the burner tip and does not represent a value equivalency at the
wellhead. All BOE conversions herein are derived from converting gas to oil in
the ratio mix of six thousand cubic feet of gas to one barrel of oil.


Investors are cautioned that the preceding statements of the Corporation may
include certain estimates, assumptions and other forward-looking information.
The actual future performance, developments and/or results of the Corporation
may differ materially from any or all of the forward-looking statements, which
include current expectations, estimates and projections, in all or part
attributable to general economic conditions and other risks, uncertainties and
circumstances partly or totally outside the control of the Corporation,
including natural gas/oil prices, reserve estimates, drilling risks, future
production of gas and oil, rates of inflation, changes in future costs and
expenses related to the activities involving the exploration, development and
production of gas and oil hedging, financing availability and other risks
related to financial activities. The Corporation undertakes no obligation to
update forward-looking statements if circumstances or management's estimates or
opinions should change. The reader is cautioned not to place undue reliance on
forward-looking statements.

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