GX Guardian Exploration Inc

Guardian Exploration Inc. ("Guardian" or the "Corporation") (TSX VENTURE:GX)
announces that it has closed the disposition of the Corporation's working
interest assets in its Girouxville East lands to Blackdog Resources Inc.
("Blackdog") for gross proceeds of $740,000.00, consisting of $710,000 in cash
and 100,000 common shares of Blackdog at a deemed price of $0.30 per share. A
fee of $18,500 is payable to Sayer Energy Advisors who acted as financial
advisor to Guardian with respect to the transaction.


The sale proceeds will be used to reduce the Corporation's outstanding debt and
to provide funds for ongoing operations.


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".


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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