GX Guardian Exploration Inc

Guardian Exploration Inc. (TSX VENTURE:GX) ("Guardian" or the "Company" or the
"Corporation") is pleased to announce that has settled $738,142.82 of trade
payables through the payment of $300,000 in cash and the issuance of 276,534
Common Shares of the Corporation at a deemed price of $0.55 per share. 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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