Guardian Exploration Inc. (TSX VENTURE:GX) ("Guardian" or the "Company") is
pleased to announce the offering of up to 5,000,000 units of the Company at a
purchase price of $0.10 per unit for gross proceeds of $500,000, each unit
consisting of one common share of the Company to be issued on a "flow through"
tax basis (each a "Flow Through Share") and one purchase warrant, each whole
warrant exercisable into one Common Share upon payment of $0.15 per share for a
period of 24 months from the date of issuance. The Company has agreed to pay a
finders' fee to eligible persons in the aggregate amount of 7% of the proceeds
of the Offering raised by such persons and 7% of the number of securities placed
by such persons in finders warrants. Each finders warrant is exercisable into
one Common Share upon payment of $0.10 per share for a period of one year from
the date of issuance. 


The securities issued in the Offering will be subject to a hold period of four
months plus one day from closing. The Offering is subject to applicable
regulatory and TSX Venture Exchange approval and completion of definitive
documentation. Proceeds from the Offering will be used for exploration and
development expenditures on "flow through" eligible Canadian projects. 


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.


This news release shall not constitute an offer to sell or the solicitation of
any offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or applicable exemption from the registration
requirements of the U.S. Securities Act and applicable state securities laws.
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