GX Guardian Exploration Inc

Guardian Exploration Inc. (TSX VENTURE:GX) ("Guardian" or the "Company" or the
"Corporation") is pleased to announce that it is proposing to settle $302,164 of
trade payables through the issuance of 407,421 Common Shares of the Corporation
at a deemed price of $0.55, subject to the approval of the TSX Venture Exchange.
The Common Shares issued are subject to a four-month hold period from the date
of issuance.


The Shares for Debt settlement is to Arm's Length Parties and there will not be
a new Control Person as a result of the issuance of the shares for debt.


Information about Guardian Exploration Inc.

Guardian Exploration Inc. is an Alberta-based oil and natural gas company.
Guardian is engaged in the exploration for, and the acquisition, development and
production of, natural gas and crude oil with emphasis on the shallow to
mid-depth hydrocarbon prone zones of the western Canadian sedimentary basin in
Alberta and northeastern British Columbia.

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