GX Guardian Exploration Inc

Guardian Exploration Inc. (TSX VENTURE:GX) ("Guardian") announces that with
respect to the letter of intent (the "Letter of Intent") entered into with Luxor
Oil & Gas Inc. ("Luxor") for a proposed business combination, as previously
announced on September 23, 2009, the parties to the Letter of Intent have
mutually agreed to terminate the agreement and have executed a termination and
mutual release agreement with respect to same. 


In order for Guardian to fulfill its flow through obligations by the end of
2009, Graydon Kowal, President and Chief Executive Officer of Guardian ("Kowal")
has agreed to personally loan Guardian the required funds. Details of the debt
arrangement are presently being drafted and will be press released once approved
by the board of directors. Different drill plans are currently being examined by
Management.


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.


Investors are cautioned that this news release contains forward looking
information. Such information is subject to known and unknown risks,
uncertainties and other factors that could influence actual results or events
and cause actual results or events to differ materially from those stated,
anticipated or implied in the forward-looking information. Readers are cautioned
not to place undue reliance on forward-looking information, as no assurances can
be given as to future results, levels of activity or achievements.

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