GX Guardian Exploration Inc

Guardian Exploration Inc. (TSX VENTURE:GX) ("Guardian" or the "Corporation")
provides this Notice of Default indicating Guardian's failure to file its annual
financial statements for the year ending December 31, 2007 by the prescribed
deadline of April 29, 2008.


In February 2008, Guardian's former auditors indicated to Guardian's management
that they would not be accepting the audit engagement for the fiscal year ended
December 31, 2007. However, by early April, Guardian was required to renegotiate
the re-engagement of their old auditors as a result of the complicated nature of
the 2006 audit wherein the current auditors were required to provide an audit
following the mid-year amalgamation of Guardian with Resilient Resources Inc.
("Resilient"). As a result of this amalgamation, since the year ends of Guardian
and Resilient were different (August 31 vs. December 31), Guardian and its
auditors were required to complete a 4 month transitional period audit for the
period ended December 31, 2005, for comparative purposes. As a result of the
complicated nature of the prior audits, Guardian was unable to find an alternate
audit firm willing to complete the audit in the short time following the
resignation of the original auditors. Guardian's auditors have indicated that
they will require up to one additional week in order to complete all of the
background work that they consider necessary in order to provide an audit
opinion in respect of Guardian's financial statements for the year ended
December 31, 2007.


Guardian's financial statements for its fiscal year end of December 31, 2007
were required to be filed by April 29, 2008 and Guardian's failure to file such
by June 30, 2008 may result in the securities commissions or regulators imposing
an Issuer Cease Trade Order. Following discussions with its auditors, Guardian
presently expects to file its financial statements for the year ended December
31, 2007 on or before May 30, 2008.


Should Guardian fail to file the appropriate Default Status Reports as
prescribed OSC Policy 57-603, the securities commissions or regulators may as a
result of such failure impose an Issuer Cease Trade Order.


Guardian fully expects to file its financial statements for the fiscal year end
December 31, 2007 prior to June 30, 2008. Further, Guardian confirms that it
intends to satisfy the requirements to provide Default Status Reports so long as
it remains in default of its requirements to file its financial statements
within the prescribed period of time.


Guardian confirms that there are no insolvency proceedings against the
Corporation as of the date herein. Guardian also confirms that there is no other
material information concerning the affairs of Guardian that have not been
generally disclosed as of the date herein.

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