GX Guardian Exploration Inc

Guardian Exploration Inc. ("Guardian" or the "Company") (TSX VENTURE:GX) is
pleased to announce the placement of 7,000,000 units for gross proceeds of
$700,000 representing the first closing under its previously announced brokered
private placement. As described in its March 3, 2011 release, each Unit
consisting of one common share ("Common Share") in the capital of the Company
and one-half (1/2) Common Share purchase warrant ("Warrant"), each whole Warrant
being exercisable for one (1) Common Share of the Company at a price of $0.25
per share (the "Warrant Price") for a period of 18 months following closing,
provided that if after four months and one day following the Closing Date, the
closing price of the common shares of the Corporation on the principal market on
which such shares trade is equal to or exceeds $0.375 for 10 days (the "Eligible
Acceleration Date") the Warrant Expiry Date shall accelerate to the date which
is 30 calendar days following the date a formal notice is issued by the Company
announcing the reduced warrant term, provided such notice is sent to all warrant
holders no more than five business days following the Eligible Acceleration
Date.


Under the terms of an agency agreement with D&D Securities Inc., D&D received a
cash commission of $49,000, equal to 7% of the aggregate gross proceeds of the
Offering and 700,000 Agent's Warrants representing 10% of the aggregate number
of Units sold. Each entitles the holder to acquire one Unit at a price of $0.10
per Unit for a period of 18 months from the date of closing of the Offering.


The securities issued in the Offering will be subject to a hold period of four
months plus one day from closing and is subject to final TSX Venture Exchange
approval. Proceeds from the Offering will be used for exploration and
development expenditures on the recently acquired Montana Bakken lands and for
working capital purposes.


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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