Graydon Kowal ("Kowal") issues this press release pursuant to Part 3 - Early
Warning Requirements of National Instrument 62-103 with respect to Guardian
Exploration Inc. (TSX VENTURE:GX) (the "Issuer" or "Guardian").


On June 15, 2011, Graydon Kowal, President, CEO and a director of Guardian,
acquired, through the Issuer's flow through private placement unit financing
(the "Financing") announced on May 17, 2011, 3,500,000 units at a price of $0.10
per unit, each unit consisting of one common share of Guardian to be issued on a
"flow through" tax basis ("Common Shares") 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 ("Purchase Warrants").


The Common Shares acquired by Mr. Kowal represent approximately 4.7% of the
issued and outstanding Common Shares of Guardian post closing of the Financing.
Prior to this transaction, Mr. Kowal held an aggregate of 8,828,853 Common
Shares (13.33% of the outstanding Common Shares of Guardian) and options to
purchases an additional 700,000 Common Shares upon exercise of options (the
"Options") in the capital of Guardian, representing approximately 14.39% on a
partially diluted basis assuming the exercise of the Options.


Following this transaction, Mr. Kowal will hold an aggregate of 12,328,853
Common Shares (16.55% of the outstanding Common Shares of Guardian), Options to
purchase an additional 700,000 Common Shares of Guardian and Purchase Warrants
to purchase an additional 3,500,000 Common Shares of Guardian. If Mr. Kowal was
to exercise all of the Options and Purchase Warrants, it would represent a total
of 16,528,853, or approximately 21.01% of the issued and outstanding capital of
Guardian calculated on a partially diluted basis assuming the exercise of the
Options and Purchase Warrants.


These securities were acquired for investment purposes only. Depending on
economic or market conditions or matters relating to Guardian, Mr. Kowal may
choose to either acquire additional securities or dispose of securities of
Guardian.


Graydon Kowal is the President, CEO and a director of Guardian.

Guardian Exploration (TSXV:GX)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Guardian Exploration Charts.
Guardian Exploration (TSXV:GX)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Guardian Exploration Charts.